Silver price begins today’s trading with clear positivity to test the key resistance 18.40, noticing that this resistance forms solid barrier against the price’s rally, to keep the correctional bearish scenario active until now, supported by stochastic reach to the overbought areas.
Our first target is located at 17.60, taking into consideration that breaching 18.40 will stop the negative overview and lead the price to return to the main bullish track again.
The expected trading range for today is between 18.00 support and 18.40 resistance.
The expected trend for today: Bearish