Silver price faced solid support formed by the EMA50 at 24.15, and the price needs to surpass this level to confirm the continuation of the decline towards our main waited negative target at 23.80.

Until now, we expect the continuation of the bearish bias on the intraday basis unless the price rallied to breach 24.75 and hold above it, noting that breaking 23.80 will extend the bearish wave to reach 23.30 followed by 22.90 as next negative targets.

The expected trading range for today is between 23.80 support and 24.60 resistance.

The expected trend for today: Bearish