Overview
The silver price trades negatively turning back to test the critical support at 17.00. A break of this level is followed by a breach of 16.90, which is a negative factor that will complete the head and shoulders pattern formation shown on the above chart. Then the price could return to decline targeting 16.37 and 15.75 levels. Until now, we expect the bullish trend for the rest of the day unless witnessing a clear break of mentioned support levels. The main awaited target is located at 17.75.
The expected trading range for today is between the 16.90 support and the 17.75 resistance.
