The price of silver has successfully reached our anticipated target at 23.00. Today, it has initiated additional gains by surpassing this level and striving to maintain a position above it. This supports our expectations for the continuation of the prevailing bullish trend, with the objective of achieving additional gains that could extend to 23.70.
Consequently, the dominant scenario for upcoming sessions will remain bullish, driven by the positive pattern that has emerged on the chart. It is crucial to emphasize that failure to establish a position above 23.00 may exert downward pressure on the price, with a primary target set at 22.25.
The expected trading range for today is between support at 22.70 and resistance at 23.50, with an overall bullish trend.
