Silver price fluctuates near the bearish channel’s resistance that appears on the above chart, this channel supports the intraday bearish trend, which its next targets are located between 18.19 and 18.05.
Therefore, we will keep our bearish bias overview in the upcoming period supported by the EMA50, unless breaching 18.85 level and holding above it.
Expected trading range for today is between: 18.00 support and 18.95 resistance.
Expected trend for today: Bearish