Overview
The silver price showed mixed and volatile trading yesterday as it attempted to breach the bullish channel's resistance, but returned to 17.08 levels, showing some positive attempts now supported by stochastic positivity. This keeps the chances to resume the bullish bias in the upcoming period valid. Therefore, we still project the bullish trend on the intraday and short-term basis unless the price settles below 17.08, in which case the price will test 16.35 and might extend to 15.70 levels before any new attempt to rise. Our next main target stands at 18.03. The expected trading range for today is between the 16.70 support and the 17.70 resistance.
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