Silver price attempted to breach 23.70 level yesterday but it kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, supported by moving below the EMA50, reminding you that our next target is located at 23.00.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected bearish wave, which will remain valid unless the price rallied to breach 23.70 and hold with a daily close above it.
The expected trading range for today is between 23.00 support and 23.90 resistance.
The expected trend for today: Bearish