Silver price hovers around 17.60 level since yesterday, keeping the daily close stability below it, which keeps the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to visit 16.96 level initially.
Note that breaching 17.60 will lead the price to achieve additional gains that reach 18.40 as a next station.
The expected trading range for today is between 17.20 support and 17.80 resistance.
The expected trend for today: Bearish