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Silver price resumes the rise - Analysis - 12-05-2021
Silver price continues to crawl upwards to approach the bullish channel’s resistance line, getting continuous positive support by the EMA50, to keep our bullish overview that targets 28.25 followed by 29.00 levels mainly.
Holding above 26.60 is important to continue the expected rise, as breaking it will press on the price to test 25.50 areas before any new attempt to rise.
The expected trading range for today is between 26.00 support and 28.25 resistance.
The expected trend for today: Bullish
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