Silver price shows more of the downside moves to surpass the EMA50, in its way for a potential visit to 16.50 before it return to resume the bullish trend again.
In general, we keep preferring the overall bullish trend if the price settled above the above mentioned level, reminding you that our waited targets begin at 17.30 and extend to go further towards 18.45 after breaching the previous level.
The expected trading range for today is between 16.90 support and 17.30 resistance.
The expected trend for today: Bullish