Silver price succeeded to break the bearish pennant’s support line that appears on the chart and begins the attempts to return to the bearish channel, which supports the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our next main target is located at 14.77, while holding below 15.50 represents key condition to continue the expected decline.
Expected trading range for today is between 15.00 support and 15.50 resistance.
Expected trend for today: Bearish