Silver price managed to break the minor bullish channel’s support line that appears on the chart to rally bearishly by today’s opening and approaches the recently recorded low at 14.32, which supports the continuation of our bearish overview efficiently in the upcoming sessions, which its next main target located at 13.75.
Therefore, trades will remain organized inside the bearish channel that appreas on the chart, supported by the negative pressure formed by the EMA50, reminding you that holding below 15.00 represents the most important condition to continue the expected decline.
Expected trading range for today is between 14.20 support and 14.75 resistance.
Expected trend for today: Bearish