Silver price managed to achieve our first waited target at 21.35 and surpassed it to settle below it, to support the continuation of the expected bearish trend on the intraday and short term basis, which its next target extends to reach 20.50.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that holding below 21.85 is important to continue the expected decline.
The expected trading range for today is between 20.70 support and 21.50 resistance.
The expected trend for today: Bearish