Silver price shows sideways trading since morning settled above the bullish trend line that appears in the image, while stochastic begins attempts to surpass the negative momentum and head to the oversold levels.
In general, we keep preferring the bullish trend unless breaking 16.56 level and holding below it, supported by the EMA50, waiting for braeching 17.43 level to confirm opening the way towards 18.30 as a next main station.
Expected trading range for today is between 16.90 support and 17.43 resistance.
Expected trend for today: Bullish