Silver price keeps declining gradually to approach from the bullish channel’s support, noticing that stochastic continues providing oversold signals, waiting for motivating the price to resume the main bullish trend, and its initial target is located at 17.30.
Therefore, the positive scenario will remain valid and active unless breaking 16.65 then 16.50 levels and holding belwo it.
The expected trading range for today is between 16.65 support and 17.20 resistance.
The expected trend for today: Bullish