Silver price begins pressing on 16.96 level in attempt to confirm breaking it, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to activate the negative effect of the bullish flag pattern to push the price towards 16.33 areas as a next main target.
Therefore, we will keep our bearish overview unless breaching 17.25 level and holding above it.
The expected trading range for today is between 16.70 support and 17.20 resistance.
The expected trend for today: Bearish