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Silver prices initially fell with negative trading as the market opened today but have since recovered, hovering close to the $27.00 barrier. This rebound is influenced by the positive stochastic indicator. The market is expected to resume its bearish trend within the bearish channel observed on the chart, aiming for the next target of $26.12.
Despite the current fluctuations, the overall recommendation remains bearish for the near term. However, a breach of the $27.62 level could halt the anticipated decline and potentially shift the price trend to an upward trajectory.
Today’s expected trading range is between $26.40 support and $27.20 resistance.
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