Silver price broke 27.90 level strongly to open the way to continue the decline and test the intraday bullish channel’s support line around 27.05 before turning back to resume the main bullish trend, making the bearish bias suggested for the rest of the day, taking into consideration that breaching 27.90 and holding above it again will revive the main positive scenario to head towards 29.00 as a next positive target.
The expected trading range for today is between 27.50 support and 28.60 resistance.
The expected trend for today: Bearish for the rest of the day