Silver price managed to break 18.00 level to support the expectations of continuing the bearish trend on the intraday basis, on its way to test 17.60 level that represents our next negative target.
Therefore, the negative scenario will remain suggested in the upcoming sessions, noting that breaching 18.00 followed by 18.30 levels will stop the expected decline and push the price to return to the main bullish track again.
The expected trading range for today is between 17.60 support and 18.00 resistance.
The expected trend for today: Bearish