Silver price opens today’s trading with new bullish bias on its way to test 16.50, waiting to braech this level to confirm the continuation of the bullish trend on the intraday and short term basis, as the price is affected by the previously completed double bottom pattern.
Therefore, we will keep our bullish overview conditioned by the price stability above 16.00, noting that the next target reaches 17.30.
The expected trading range for today is between 16.20 support and 16.55 resistance.
The expected trend for today: Bullish