Silver price achieved a break below the bullish channel’s support which meets 23.95 and the EMA50, to settle below it now providing an intraday potential negativity, but, by the above image, we find that there is a sideways range dominates the recent trading, this range lines are represented by 23.25 support and 24.55 resistance.
Therefore, we will prefer the trading inside this range on the intraday basis, until managing to surpass one of the aforementioned levels and providing clearer signals for the price short term track.
Expected trading range for today is between: 22.85 support and 25.50 resistance.
Expected trend for today: Sideways