Silver price faces additional negative pressure to test 27.60 level, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for today, noticing that stochastic shows oversold signals to support the chances of bouncing bullishly and resume the bullish wave, which its next main target located at 29.80, while breaking 27.60 will force the price to achieve additional decline and potential visit to 25.50 areas initially.
The expected trading range for today is between 27.20 support and 28.70 resistance.
The expected trend for today: Bullish