Silver price provided calm positive trading yesterday, but it begins today with a bearish bias to move below 16.96, where the price is under a continuous negative pressure that comes from the EMA50, which supports the chances for the expected bearish trend continuation in the upcoming period, targeting 16.33 level mainly.
You should be aware that surpassing 17.15 will stop the expected decline and pushes the price to test 17.60 levels before any new attempt to decline.
The expected trading range for today is between 16.70 support and 17.10 resistance.
The expected trend for today: Bearish