Silver price settles below 29.30$ level, to keep the bearish trend scenario active for today, which depends on the price stability below the mentioned level and below 30.06$, supported by the negative pressure formed by the EMA50, waiting to resume the negative trades that target 28.55$ initially, reminding you that breaking it will push the price towards 27.65$ as a next target.

The expected trading range for today is between 28.50$ support and 29.40$ resistance.

Trend forecast: Bearish