Silver price managed to break 18.30 level by today’s open and closed the last four hours’ candlestick below it, which supports the continuation of the expected bearish trend efficiently for the upcoming period, opening the way to achieve more negative targets that start at 17.80 and extend to 17.55.
Therefore, the bearish trend will remain valid and active, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 18.35 and the most important below 18.80.
The expected trading range for today is between 17.50 support and 18.50 resistance.
The expected trend for today: Bearish