Silver price keeps its stability below 14.30 level, showing bearish bias now to move below the EMA50, which keeps the bearish trend scenario active on the intraday and short term basis, noting that breaking 13.93 is required to ease the mission of heading towards our main target that reaches 13.00.
On the other hand, we should note that breaching 14.30 will lead the price to achieve intraday gains that reach 14.73 before any new attempt to decline.
Expected trading range for today is between 13.90 support and 14.40 resistance.
Expected trend for today: Bearish