Overview
The silver price has been trading around 19.90 since yesterday after finding a solid resistance at 21.10, which means the price needs to get enough positive momentum to resume the main bullish trend that is affected by the completion of the inverted head and shoulders' pattern seen on the chart. Until now, our bullish trend expectations are still valid on the short-term basis unless breaking the 18.63 level and holding below it. We are waiting for the price to head towards 22.00 followed by 22.40 levels that represent the next main targets of the current bullish wave.
The expected trading range for today is between the 19.20 support and the 21.00 resistance.
