Silver price has tested the broken support of the bullish channel, now turned into a key resistance line at 27.45$. A breach of this level would confirm the return to the channel and signal the continuation of bullish trend domination in the upcoming sessions.
Therefore, the bullish trend scenario is suggested on the intraday basis, with the next main target located at 28.00$. However, breaking 26.90$ will halt the expected rise and put the price under correctional bearish pressure again.
Bullish