Silver price provides new positive trading but it hits the EMA50 that forms good resistance against the price, while stochastic reaches the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend for today, which depends on the price stability below 18.40, while our next main target is located at 16.95.
The expected trading range for today is between 17.50 support and 18.05 resistance.
The expected trend for today: Bearish