Overview
The silver price has managed to touch our first main target at 16.35 and is showing some slight bearish bias from there. The price was affected by stochastic negativity that approaches from the oversold areas now to offer positive momentum that we are waiting for to help the price breach the mentioned level, extending gains to 17.08 as the next main target. Therefore, we believe that the chances are valid to trade positively in the upcoming period. We remind you about the importance of holding above 15.70 and 15.30 levels to continue the expected rise. The expected trading range for today is between the 15.80 support and the 16.60 resistance.
