Silver price’s recent trades are confined within bearish pennant pattenr that appears on the chart, which means that breaking 15.35 will activate the negative of this pattern and push the price to continue the bearish trend, which makes us believe that the chances are valid to continue the recently suggested negative scenario, which conditions the price stability below 15.50.
The EMA50 supports the expected decline, which targets 14.77 level as a next station.
Expected trading range for today is between 15.20 support and 15.60 resistance.
Expected trend for today: Bearish