Overview
The attached H4 chart demonstrates that the silver price bounced downwards yesterday after testing the sideways range resistance at 14.40, thus hinting at a potential visit to the range's support located at 13.65. Therefore, the sideways trading will remain dominant on the intraday and short-term bases until the price manages to breach one of the mentioned levels. A break of the 13.65 level will lead the price to resume its main bearish track, which next targets are located at 13.00 then 12.00. Meanwhile, a breach of the 14.40 level will lead to more bullish corrections that target 14.67 followed by 15.30 mainly.
The expected trading range for today is between the 13.80 support and 14.67 resistance.
