Silver price hovers around 22.30 level, and the negative effect of the head and shoulders’ pattern still active, waiting to resume the bearish wave that targets 21.65 followed by 20.75 levels as next main stations.
Stochastic provides negative signals that support the expectations to decline, reminding you that it is important to hold below 22.90 to continue the expected bearish trend.
The expected trading range for today is between 21.65 support and 22.60 resistance.
The expected trend for today: Bearish