Overview
The silver price opened today's trading with a bearish gap that made the price break and settle below 19.38 levels it. This pushes the price to target the 38.2% Fibonacci level for the rise from 13.75 to 21.12. This level forms a key support at 18.30 and the price is likely to touch this level to rebound bullishly and resume the main bullish track again. Therefore, we expect the negative trading for today until the price manages to breach and hold above 19.38 and 19.80 levels. A break of 18.30 levels will push the price to extend its bearish correction and target 17.43 levels. The expected trading range for today is between the 18.30 support and the 19.38 resistance.
