Silver price fluctuates with slight bearish bias to gradually approach our first waited target at 17.60, falling under negative pressure that comes by the EMA50, waiting to resume the bearish bias in the upcoming sessions, reminding yout hat breaking the mentioned level will push the price to 16.96 as a next main station.
In general, we will continue to suggest the bearish trend on the intraday basis unless the price rallied to breach 18.40 level and hold above it.
The expected trading range for today is between 17.50 support and 18.10 resistance.
The expected trend for today: Bearish