Silver price surpasses the first target – Analysis - 07-04-2020

Silver price succeeded to achieve our waited target at 15.08, starting today with clear rise to attack this level and settles above it now, which supports the chances of extending the correctional bullish wave, to suggest heading towards 16.00 as a next positive station.

Therefore, the bullish bias will remain dominant in the upcoming sessions supported by moving above the EMA50, noting that failing to consolidate above 15.08 will press on the price to decline again and test 14.17 initially before determining the next destination clearly.

The expected trading range for today is between 14.90 support and 15.50 resistance.

The expected trend for today: Bullish