Silver prices (SILVER) rose during recent intraday trading, breaching an expected target in our previous analysis at $115.00 resistance, recording new all-time highs, this rise comes amid clear dominance for the main bullish trend on short-term basis, with the trading alongside main and minor trend lines that support this trend.

 

The price is getting advantage of the positive support due to its trading above EMA50, accompanied by the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on near-term basis.

 

Â