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Silver prices have successfully breached the 22.25 level, confirming the continued dominance of the bullish trend. This has paved the way for the realization of our new positive target at 23.00. It’s worth noting that the previously completed positive pattern has further positive targets, surpassing the last level and extending to around 23.70.
As a result, the bullish trend is expected to remain active in the coming period. However, it’s crucial to keep an eye on the 22.25 level, as a break below it could halt the anticipated rise and subject the price to negative pressure on an intraday basis.
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Today’s expected trading range is between the support at 22.40 and resistance at 23.10, with an overall bullish trend anticipated for the day.
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