Silver price shows positive trading and begins breaching the minor bearish channel’s resistance that appears on the chart, which we believe that it forms bullish flag pattern, thus, the price has good positive motive to rally towards our next waited target at 16.00.
The EMA50 keeps supporting the price from below, waiting for more rise in the upcoming sessions, reminding you that it is important to hold above 15.55 to continue the expected rise.
Expected trading range for today is between 15.55 support and 15.90 resistance.
Expected trend for today: Bullish