Silver price settles below 16.96 level now, which supports the continuation of our bearish trend expectations, reinforce by the negative pressure that comes from the EMA50, waiting for heading to 16.33 that represents our next main target.
Reminding you that holding below 17.25 is important for the continuation of the expected decline, where breaching it will push the price to achieve intraday gains that reach to 17.60 before any new attempt to decline.
The expected trading range for today is between 16.60 support and 17.10 resistance.
The expected trend for today: Bearish