Silver price hovers around 16.96 level and attempts to confirm breaking it, as it falls under continuous negative pressure coming by the EMA50, to keep the bearish trend scenario valid and active on the intraday and short term basis, which depends on the price stability below 17.25, while our next target is located at 16.33.
The expected trading range for today is between 16.70 support and 17.10 resistance.
The expected trend for today: Bearish