Overview
The silver price traded steadily above 20.00 levels yesterday to reinforce the expectations of further upside on the intraday and short-term bases. We are waiting for the price to resume the bullish bias, which next targets are located at 22.00 then 22.40. The price needs to gain enough positive momentum to reach the mentioned targets, while the EMA50 continues to support the price from below, thus keeping our bullish overview valid and active unless breaking the 18.63 level and holding below it.
The expected trading range for today is between the 19.50 support and the 21.20 resistance.
