Overview
The silver price continues fluctuating steadily within a sideways track above 16.37 and 16.20 levels shown on the chart. This keeps the bullish trend scenario valid and active for the upcoming period. The price is likely to test 17.00 levels initially; a breach of this level will push the price towards 18.00 directly. Note that the break of the mentioned support levels will stop the positive scenario and push the price to continue the bearish correction, the next targets of which are located at 15.87 and then 15.37. The expected trading range for today is between the 16.20 support and the 17.00 resistance.
