Silver price continues to fluctuate at 16.96 level, waiting to break this level to confirm the extension of the bearish wave towards 16.33 level that represents 61.8% Fibonacci correction level for the rise measured from 14.28 to 19.64, to keep our bearish trend expectations for today unless the price rallied to breach 17.60 level and hold above it.
The expected trading range for today is between 16.60 support and 17.20 resistance.
The expected trend for today: Bearish