Silver price traded with clear negativity yesterday to manage to break 23.65 level and activate the negative effect of the double top pattern that its signs appear on the chart, reinforcing the expectation of continuing the bearish trend, as it approaches our waited target at 23.15, noting that breaking this level will push the price to 22.45 as a next negative station.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless the price rallied to breach 24.20 level and hold above it.
The expected trading range for today is between 23.00 support and 23.70 resistance.
The expected trend for today: Bearish