Silver price begins to bounce lower after testing the intraday bearish channel’s resistance, and stochastic keeps providing negative signals, which supports the continuation of our bearish trend expectations on the intraday and short basis, reminding you that our next main target that is located at 14.50, while holding below 14.95 represents the initial condition for the continuation of the expected decline.
The expected trading range for today is between 14.60 support and 15.00 resistance.
The expected trend for today: Bearish