Overview
The silver price has opened today with bullish bias approaching from the key resistance 17.35. As we mentioned in our recent reports, the price needs to breach this resistance to confirm the continuation of the bullish wave in the upcoming period. The EMA50 continues to provide the positive support to the price from below. Therefore, we still expect the bullish trend on the intraday and short-term basis. The next target is located at 18.03, while achieving it conditions holding above 16.73. The expected trading range for today is between the 17.00 support and the 17.70 resistance.
