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Silver price is currently displaying subdued trading, influenced by stochastic indicators that are exhibiting negativity, impeding upward movement. The market is awaiting a positive catalyst that could drive prices higher and help it resume its upward trajectory, targeting our expected level at 22.25.
As of now, we continue to recommend a bullish outlook on an intraday basis as long as the 21.35 level remains intact. It’s essential to note that surpassing the targeted level would propel prices towards 23.00 as the next major objective.
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Today’s Expected Trading Range: 21.50 – 22.25
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Today’s Trend Outlook: Bullish
