Silver price provided clear positive trades after breaching 22.13 level, to approach the key resistance 23.60, accompanied by stochastic loss to the positive momentum and reaching the overbought areas, noticing that the index approaches to provide negative overlapping signal, waiting to motivate the price to resume the negative trades in the upcoming sessions.
Therefore, we expect resuming the bearish trend today, and the targets begin at 22.13 and extend to 20.31 after breaking the previous level, noting that breaching 23.60 and holding above it will stop the expected decline and leads the price to achieve more gains.
The expected trading range for today is between 22.00 support and 24.00 resistance.
The expected trend for today: Bearish