Silver price succeeded to break 15.62 level and settled with a daily close below it, which supports the continuation of our bearish overview efficiently for the upcoming period, paving the way to head towards 15.22 that represents our next main target.
The EMA50 supports the suggested bearish wave, noting that breaching 15.75 might push the price to test 16.00 level before any new attempt to decline.
The expected trading range for today is between 15.40 support and 15.75 resistance.
The expected trend for today: Bearish