Silver price attempts positively - Analysis - 07-04-2021

Silver price provided positive trades yesterday to move above 25.50 barrier, noticing that stochastic provides negative signals that we are waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 22.90 level as a next main station.

In general, the bearish trend scenario will remain valid and active on the intraday and short term basis unless breaching 25.50 level and holding above it.

The expected trading range for today is between 24.40 support and 25.50 resistance.

The expected trend for today: Bearish