Silver price managed to achieve our waited target at 17.60 and attacks it to move below it now, which supports the expectations of extending the bearish wave on the intraday basis, which its next main target located at 16.96, noting that closing the last four hours’ candlestick below 17.60 provides good motive to confirm the continuation of the decline for the rest of the day.
The expected trading range for today is between 17.50 support and 18.10 resistance.
The expected trend for today: Bearish