Silver price provided clear positive trades yesterday to test the key resistance 16.96 and keeps its stability below it, accompanied by stochastic reach to the overbought areas, which supports the chances of bouncing bearishly to resume the recently suggested bearish trend scenario, which targets 16.33 level as a next station.
Therefore, we will keep our main bearish trend expectations unless breaching 16.96 level and holding above it.
The expected trading range for today is between 16.50 support and 17.10 resistance.
The expected trend for today: Bearish