Silver price broke 23.05 level strongly to decline sharply and reach 38.2% Fibonacci correction level at 22.13, noticing that the price begins today with bullish bias in attempt to move away from the mentioned level, motivated by stochastic positivity, making the bullish bias suggested in the upcoming sessions, targeting testing 23.05 mainly.
Therefore, we expect to witness positive trades today unless breaking 22.13 and holding below it, as breaking this level will push the price to the next correction level at 21.40.
The expected trading range for today is between 22.10 support and 23.05 resistance.
The expected trend for today: Bullish