Silver price remains entrenched in a bullish upswing, successfully attaining our initial extended target at 24.00 and surpassing it to near the supplementary objective at 24.60. This progression paves the way for further ascents on both intraday and short-term horizons. Notably, breaching the latter level will effectively signal the cessation of the bearish correction that characterized recent trading sessions, subsequently allowing the reinstatement of the primary bullish trajectory.
Consequently, an inclination towards a more pronounced bullish sentiment is anticipated in the forthcoming sessions, unless there is a breach of the support level at 23.70 and its subsequent retention below this threshold.
Anticipated trading range for today is anticipated to span between the support at 23.90 and the resistance at 24.70.
Projected trend for today: Bullish
