Silver price shows more sideways trades, waiting to start bearish wave after touching the mentioned sideways range’s resistance to resume the expected bearish trend for the upcoming period, reminding you that we need to break 22.15 to open the way to head towards our next target that reaches 21.40.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 22.60 and the most important below 23.15.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish