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The price of silver has solidified its position above the $28.00 barrier and remains entrenched within a bullish channel as depicted on the chart. Anticipation mounts for the resumption of the bullish momentum, targeting $28.75 and subsequently $29.00 as the next key stations.
Supporting this upward trajectory is the EMA50, which continues to bolster the suggested bullish wave. Its validity hinges on the price’s ability to maintain stability above $27.35.
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Today’s anticipated trading range spans between the support level at $27.90 and resistance at $28.60.
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Trend Forecast: Bullish
