Silver Price Analysis

Expected Scenario

Silver price is testing the key support line that rises now to 26.80$. The price needs to consolidate above this level to keep the bullish trend scenario active, with the next target reaching 28.00$. Stochastic provides positive signals that we are waiting to assist in pushing the price to resume the bullish wave. Breaking 26.80$ will stop the positive scenario and push the price to build a bearish wave on the intraday basis, with targets beginning by visiting 25.80$ and 25.50$ areas.

Expected Trading Range

Between 26.60$ support and 27.25$ resistance.

Trend Forecast: Bullish