Silver Price Analysis
Expected Scenario
The silver price tested the bullish channel’s support line and maintains stability above it.
It aims to resume the main bullish trend.
Expected Outcome
Stochastic is attempting to gather positive momentum to support the bullish expectations.
Note that breaking 27.50$ may stop the bullish trend and initiate intraday bearish correction.
Expected Trading Range
Between 27.80$ support and 28.50$ resistance.
Trend Forecast: Bullish