Silver Price Breaks Through Resistance

Silver price has successfully breached the 23.00 level and maintained its position above it, reinforcing expectations of a continued bullish trend on both intraday and short-term horizons. The path is open for the price to advance towards our next primary target at 23.70.

With the EMA50 providing support from below, further upward movement is anticipated in the upcoming sessions. It is crucial for the price to sustain levels above 23.00 to uphold the suggested upward trajectory.

The anticipated trading range for today is between support at 22.80 and resistance at 23.50. The current trend is bullish, and traders should take this into account when planning their strategies.