Silver price trades negatively to move away from 16.96 level, which supports the expectations for the downside moves in the upcoming sessions, and the way is open for achieving our waited target at 16.33, supported by stochastic negativity, reminding you that the continuation of the expected bearish bias is conditioned by holding below 16.96 level.
The expected trading range for today is between 16.65 support and 17.00 resistance.
The expected trend for today: Bearish