Silver price resumes the rise - Analysis - 27-05-2022

Silver price shows calm positive trades to move away from 21.83 level, reinforcing the expectations of continuing the bullish trend, and we believe that the way is open to head towards our main target at 22.67.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 21.83 and the most important above 21.60.

The expected trading range for today is between 21.80 support and 22.60 resistance.

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The expected trend for today: Bullish