Overview
Silver price managed to reach the bullish channel's support while stochastic touched the oversold levels. We expect this factor to make the price resume the overall bullish trend after the temporary decline that was setting the tone for the trade yesterday. Therefore, we believe there are still odds of bouncing higher in the short term. The target levels are seen at 18.30 extending to 19.3. Please be aware that breaking 17.43 will stop the expected rise and push the price to downward targets of 16.56 on the near-term basis. The expected trading range for today is between 17.43 support and 17.85 resistance.
