Silver price is testing the intraday bullish channel’s support line, and as we mentioned this morning, the price needs to break 23.45 to reinforce the chances of continuing the expected decline for today, which targets testing 23.00 as a next station.
The technical indicators support the suggested bearish trend, which will remain valid conditioned by the price stability below 23.70.
The expected trading range for today is between 23.00 support and 23.90 resistance.
The expected trend for today: Bearish