Silver price tested 16.50 level yesterday and shows new positive trades now in attempt to breach the mentioned level, which supports the expectations of continuing the bullish trend on the intraday and short term basis, noting that breaching the mentioned level will confirm opening the way to rally towards 17.30 as a next main station.
Therefore, we will keep our positive overview conditioned by the price stability above 16.00.
The expected trading range for today is between 16.30 support and 16.70 resistance.
The expected trend for today: Bullish