Overview
The silver price leaned on the support base formed above the previously breached level of 17.08; it trades positively now approaching from the bullish channel's resistance at 17.35. The price needs to breach this level to confirm opening the way towards the continuation of the bullish wave in the upcoming period and to extend the positive targets towards 18.03. That is why we still expect the bullish trend in the upcoming sessions; its continuation is conditioned by holding above the 16.73 level.
The expected trading range for today is between the 17.00 support and the 17.70 resistance.
