Silver price broke the rising wedge’s support line strongly, to reach the first waited target at 25.50, waiting to break this level to confirm extending the bearish wave towards 24.55 that represents the next negative station.
Therefore, the bearish trend scenario will remain active for the upcoming period supported by the EMA50, taking into consideration that the continuation of the bearish wave requires holding below 26.75.
The expected trading range for today is between 25.00 support and 26.40 resistance.
The expected trend for today: Bearish