Silver price rallied upwards strongly by today’s open to reach few pips away from our waited target at 26.88, to keep the bullish trend scenario valid and active on the intraday and short term basis, waiting to breach the mentioned level to open the way to achieve extended gains that reach 27.65.
The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 25.06 and holding below it.
The expected trading range for today is between 25.60 support and 27.00 resistance.
The expected trend for today: Bullish