In a robust upward trajectory, silver price experienced significant gains in the preceding session, successfully surpassing the 23.00 level and settling above it. This bullish move has propelled the price towards its subsequent positive target at 23.70.
It’s noteworthy to highlight the completion of an inverted head and shoulders pattern, a technical formation that bolsters the likelihood of further upward momentum in the forthcoming sessions. Consequently, the prevailing sentiment points towards a bullish trend, provided that the 23.00 level remains intact and not breached to the downside.
For the current trading interval, the projected range of price movement is anticipated to span between the support at 23.00 and the resistance at 23.70.
Anticipated Trend for Today: Bullish
