Silver price achieved slight rise but it didn’t reach 24.20, to start declining again now, motivated by the negative overlapping signal that appears on stochastic, waiting to head towards 23.15 that represents our main negative target.
Breaking 23.65 will ease the mission of achieving the waited target, while the price needs to consolidate below 24.20 to keep the bearish trend valid.
The expected trading range for today is between 23.40 support and 24.20 resistance.
The expected trend for today: Bearish