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The price of silver is exhibiting fresh positive movements, edging closer to the 24.60 level. Our analysis suggests that surpassing this level would pave the way for a continued upward trajectory, targeting additional positive objectives around the 25.50 areas.
This bullish momentum is reinforced by the ongoing support from the EMA50, underlining the validity of the upward wave, as long as the critical level of 23.70 remains unbroken.
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Looking ahead, the expected trading range for the day is anticipated to fluctuate between the support level of 24.10 and the resistance level of 24.80.
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In summary, the current trend in silver prices remains bullish, signaling a positive sentiment and potential for further gains in the market.
