Silver price provides some bullish bias to approach from testing 17.43 that turns into resistance after breaking it previously, noting that setting below this level keeps the bearish trend scenario active for the upcoming period, which targets visiting 16.56 level mainly.
Stochastic and the EMA50 positivity interpret the reasons of the current positive attempts, noting that breaching 17.43 and holding above it will lead the price to regain the main bullish track again.
Expected trading range for today is between 17.00 support and 17.43 resistance.
Expected trend for today: Bearish