Silver price continued the downside pressure to break below the EMA50, and as happened with gold, Stochastic enters the oversold levels to offer some chances for a potential bullish rebound, and this makes us remain neutral temporarily and then monitor today’s closes.
Note that the sideways trading might continue between 30.70 and 31.80 until surpassing one of them.
Expected trading range for today is between: 30.70 support and 32.00 resistance.
Expected trend for today: Neutral