Silver price was effected clearly with Stochastic negativity to drop and break 31.80, while EMA50 attempts to keep the chances of continuing the preferred bullish trend in our recent reports.
Breaking below 31.80 forces us to stay aside temporarily, where holding below it and then below 31.50 will push the price to more bearish move, therefore, we need to monitor the daily close according to the mentioned levels to be certain of the next trend on the intraday basis.
Expected trading range for today is between: 30.70 support and 32.50 resistance.
Expected trend for today: Neutral