Silver Price Inches Upward

The price of silver is exhibiting positive fluctuations, gradually nearing our awaited target of 22.25. These incremental gains are consistently supported by the EMA50, bolstering the prospects of surpassing this level and paving the way for further upward momentum towards new positive levels, potentially extending to 23.00.

In light of this, our bullish perspective remains both valid and active. However, it is crucial to acknowledge that the failure to breach the 22.25 level may trigger a bearish rebound, with a primary target situated around the 21.35 price range.

As we look ahead, the anticipated trading range for today falls between the support level at 21.70 and the resistance level at 22.50. Today’s expected trend leans toward bullish.