Silver Daily Technical Report

Silver price shows more bearish bias to attempt to confirm breaking the neckline of the triple top pattern, reinforcing the expectations of continuing the bearish trend on the intraday basis, reminding you that our targets begin at 22.25 and extend to 21.35 after breaking the previous level.

The EMA50 forms negative pressure that supports the continuation of the expected decline, which will remain valid conditioned by the price stability below 23.00

The expected trading range for today is between 22.00 support and 22.80 resistance.

The expected trend for today: Bearish