Silver prices have unmistakably breached our anticipated target at 23.70, conclusively closing the daily candlestick above this level. This confirmation underscores the continued dominance of the bullish trend on both the intraday and short-term perspectives, with the path now clear for an advance towards our subsequent target at 24.60.
While some temporary sideways fluctuation may manifest until positive momentum is gained to facilitate a rally towards the suggested target, it is crucial to monitor the critical level of 23.70. A breach of this level could disrupt the positive scenario, potentially prompting a decline.
The anticipated trading range for the current session is expected to fluctuate between the support level at 23.60 and the resistance level at 24.30.
The prevailing trend for today is expected to be bullish, in line with the outlined technical developments.
