Overview
Silver price is fluctuating around the EMA50. The price finds it difficult to surpass this barrier that gets support by stochastic negativity. This might cause some sideways fluctuation before turning back to resume the bullish bias. Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis as long as the price is above 19.35 level. It is expected that the price will surpass the 20.10 level to ease the mission of heading towards the recently recorded top at 21.12. This will remind you that breaking of the 19.35 level can put the price under the correctional bearish pressure that targets 18.30 level before any new attempt to rise. The expected trading range for today is between the 19.00 support and the 20.10 resistance.
