Silver is over the bearish trend ahead of FOMC as stimulus optimism increases. If the price can stay above 24.50 support, a rise to 26.00-26.50 can be expected. Over this resistance zone, 28.50 can be targeted in the medium-term.
For the last 30 days, silver has spent most of its time between the 23.50-24.50 zone. This is supporting the importance of staying above the 24.50 level for upward moves.
