Silver Price Analysis

Silver price surpassed the 27.00$ barrier and closed yesterday above it, reinforcing expectations for continuing the bullish trend on the intraday and short-term basis. The next positive station is expected at 28.00$. Stochastic's current negativity might cause some temporary sideways fluctuation before resuming the suggested rise. Breaking 26.65$ will put the price under intraday correctional pressure to head towards testing 25.50$ areas before any new attempt to rise. The expected trading range for today is between 26.85$ support and 27.75$ resistance.

Trend forecast: Bullish