Silver prices demonstrated clear positivity in yesterday’s trading session, confirming the breach of the 22.25 level and reaching 22.60. This development signals a recovery and suggests further gains with a target at 23.00. A subsequent breach of this level could extend the rise, targeting 23.70 in the near term.
The expectation is for continued upward movement in the upcoming sessions unless the price breaks below 22.25 and maintains a daily close below this level.
The anticipated trading range for today is between the support level at 22.30 and the resistance level at 23.10.
In summary, the recovery in silver prices is evident, and traders are advised to monitor key support and resistance levels for potential trading opportunities in the bullish direction.
