Silver price continued its negative trading to approach the key support that rises now to 16.20, accompanied by stochastic approach to the oversold areas, to form positive factor that we are waiting to assist to push the price to resume the main bullish trend again.
Therefore, we will keep our overall bullish trend expectations conditioned by the price stability above 16.20, as breaking it will push the price to head towards 15.49 areas before any new attempt to rise, while the waited positive targets begin at 16.8 and extend to 17.43.
Expected trading range for today is between 16.20 support and 16.70 resistance.
Expected trend for today: Overall Bullish