Silver price keeps fluctuating in tight track, and its is under a continuous negative pressure that comes from the EMA50, while stochastic shows a negative signal now, therefore, we believe that the chaces are available for trading negatively in the upcoming sessions, waiting for visiting 16.33 level as a next main target, reminding you that holding below 16.96 is important for the continuation of expected decline.
The expected trading range for today is between 16.33 support and 16.75 resistance.
The expected trend for today: Bearish