Silver price oscillates back and forth at intraday levels in an attempt to gather positive momentum for a fresh rally with positive support from the 50-day SMA while the main medium-term uptrend dominates Did. A positive signal from the RSI after reaching an oversold level with an upward secondary short-term trendline.
So, as long as the 24.00 support holds, we expect silver price to move higher and target first resistance at 25.20.
Today’s expected trading range is between 24.00 support and 25.20 resistance.