Silver price managed to break 25.50 level and hold below it, confirming the continuation of the bearish trend domination on the intraday and short term basis, waiting to visit 24.55 level as a next main target.
The EMA50 continues to press negatively on the price to support the expectations to decline, noting that breaching 25.50 will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 24.60 support and 25.60 resistance.
The expected trend for today: Bearish