Silver Price Analysis Expected Scenario Silver price managed to touch our first waited target at 28.55$ and settles near it. Stochastic begins to provide negative signals now, which may motivate the price to resume the expected bearish trend on the intraday and short-term basis. Our next target remains at 27.62$. The negative pressure formed by the EMA50 reinforces the expectations of continuing the decline. Breaking above 29.30$ will halt the negative scenario and lead the price to start recovery attempts targeting 30.06$ initially. Expected Trading Range Between 28.20$ support and 29.10$ resistance.

Trend Forecast: Bearish