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Silver price surpasses the resistance

Silver price rallied upwards clearly in the previous sessions to breach 23.00 and settles above it, to head towards achieving expected gains in the upcoming sessions, on its way to visit 23.70 mainly.

Moving above the EMA50 supports the chances of achieving the expected rise, noting that breaking 23.00 and holding below it again will reactivate the bearish trend scenario that its next main target located at 22.25.

The expected trading range for today is between 22.85 support and 23.70 resistance.

The expected trend for today: Bullish