Silver price broke 28.00$ level clearly and closed the last four hours candlestick below it, to fall under expected negative pressure in the upcoming sessions and target 38.2% Fibonacci correction level at 26.90$ as a next negative station.

Therefore, the bearish bias will be suggested for the rest of the day unless the price rallied to breach 28.00$ and hold above it again.

The expected trading range for today is between 27.55$ support and 28.10$ resistance.

Trend forecast: Bearish for the rest of the day