Silver price is showing many attempts to break the intraday bullish channel’s support line, to support the continuation of the bearish trend in the upcoming sessions, reminding you that our next target is located at 23.00.
Note that breaking the targeted level will lead the price to suffer additional losses and open the way to head towards 22.25 on the near term basis, while holding below 23.70 represents key condition to continue the expected bearish wave.
The expected trading range for today is between 23.00 support and 23.90 resistance.
The expected trend for today: Bearish