Silver price returns to the channel – Analysis - 24-09-2019

Silver price continued its rise to breach 18.40 level and settles above it, which return the price to the bullish channel that appears in the image, in its way to regain the main bullish trend.

Therefore, the bullish bias will be preferred in the upcoming period, supported by the moves above the EMA50, pointing that the expected targets begin at 18.80 and extend to 19.65 after braeching the previous level, while the expected rise will remain valid unless breaking 18.40 level and holding below it.

The expected trading range for today is between 18.40 support and 18.80 resistance.

The expected trend for today: Bullish