Silver price resumed its positive trading after the negative pressure that it witnessed in the previous sessions, to surpass 23.05 and settles above it, reinforcing the expectations of continuing the main bullish trend, which targets 24.00 followed by 24.50 levels as next main stations.
Breaching 23.50 will add more confirmation to the continuation of the suggested bullish wave, which gets continuous positive support by the EMA50, taking into consideration that breaking 23.05 followed by 22.85 levels will stop the current rise and press on the price to turn to decline.
The expected trading range for today is between 23.00 support and 23.70 resistance.
The expected trend for today: Bullish