Silver price continues to fluctuate within tight track with slight bearish bias to move below 17.00 barrier, which makes us keep our bearish overview on the intraday basis, which targets testing 16.56 level mainly.
Therefore, we will be waiting for more decline in the upcoming sessions supported by the EMA50, reminding you that holding below 17.43 represents key condition to continue the suggested decline.
Expected trading range for today is between 16.70 support and 17.00 resistance.
Expected trend for today: Bearish