Silver price surpasses the resistance – Analysis – 16-02-2021 – Economies.com

Silver price breached 27.60 level clearly and heads to achieve more gains on the intraday and short term basis, which pushes the price to turn to rise, expecting to head towards 28.85 followed by 29.80 areas as next main targets.

On the other hand, note that breaching 27.85 completes forming positive pattern that supports achieving more expected rise in the upcoming period, making the bullish trend expected for today unless breaking 27.60 followed by 27.15 levels and holding below them.

The expected trading range for today is between 27.15 support and 28.85 resistance.

The expected trend for today: Bullish

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