Silver price attempts to breach the bearish channel’s resistance that appears on the chart, while the EMA50 forms negative pressure to protect the overall negative scenario, as we still keep our bearish overview that targets 14.73 level as a next main station.
On the other hand, we should note that the continuation of the bullish bias and surpassing 15.00 will push the price to test 15.22 before any new attempt to decline.
The expected trading range for today is between 14.70 support and 15.10 resistance.
The expected trend for today: Bearish