Silver price shows sideways and tight trading since morning, settling around 17.00, to keep the bearish trend scenario valid as it is without any change for today, which depends on holding below 17.43 level, targeting visiting 16.56 level mainly.
Breaking the targeted level will push the price towards 15.49 as a next main station, while breaching 17.43 will lead the price to return to the main bullish trend that its positive targets begin at 18.30.
Expected trading range for today is between 16.80 support and 17.15 resistance.
Expected trend for today: Bearish