Overview
The silver price closed yesterday's trading at the previously breached resistance level of the bearish channel. Now silver is trading above it, forming a major support base at 15.20. As long as the price is above this level, we believe that chances for resuming the bullish bias in the upcoming period are high. It is likely to test the 15.70 level initially. Breaching the mentioned level will extend silver gains to 16.35 as the next main station. Remember that the continuation of the expected bullish trend depends on steady trading above 15.20 and, most important, above 14.67 levels.The expected trading range for today is between 14.80 support and 15.70 resistance.
