Silver price provided negative trades on last Friday to test 16.96 level, noticing that the price begins today with additional bearish bias to move below this level, but we depend on the last daily close above this level to keep our positive overview on the intraday basis, which targets 17.60 level mainly.
On the other hand, we should note that settling below 16.96 will stop the positive scenario and press on the price to turn to decline and visit 16.33 areas initially.
The expected trading range for today is between 16.80 support and 17.30 resistance.
The expected trend for today: Bullish