Overview
The silver price continues to fluctuate within a tight track with slight bearish bias, moving below the 17.00 barrier. This makes us keep our bearish overview on the intraday basis, targeting a test of 16.56 levels mainly. Therefore, we will be waiting for a deeper decline in the upcoming sessions supported by the EMA50. Keep in mind that holding below 17.43 represents the key condition to continue the suggested decline. The expected trading range for today is between the 16.70 support and the 17.00 resistance.
