Silver price continued to decline to reach the thresholds of the first extended target at 22.00, noticing that stochastic loses its positive momentum now, to support the chances of resuming the negative trades in the upcoming sessions, reminding you that our next station reaches 21.40.
The EMA50 keeps supporting the expected bearish wave, which will remain valid conditioned by the price stability below 23.15.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish