Silver price achieved an intraday gains yesterday to surpass the EMA50, and it keeps rising to test the critical resistance at 14.73 before it returns to decline again, where the price remains within the bearish channel that appears in the image.
Therefore, we will keep our bearish trend expectations unless breaching 14.73 level and holding with a daily close above it, pointing that our main waited target reaches to 13.93.
The expected trading range for today is between 14.30 support and 14.73 resistance.
The expected trend for today: Bearish