Silver price succeeded to achieve our waited target at 15.62 and surpassed it to settle with a daily close below it, which reinforces the expectations of extending the bearish wave on the intraday and short term basis, and the way is open to visit 15.22 that represents our next main target.
Therefore, we are waiting for more decline today, noting that breaching 15.62 will push the price to start recovery attempts that target 16.00 areas initially.
The expected trading range for today is between 15.40 support and 15.75 resistance.
The expected trend for today: Bearish