Silver Price Analysis Expected Scenario Silver price trades above 29.30$ level again. EMA50 forms continuous negative pressure against the price. Stochastic loses its positive momentum clearly, supporting bearish bounce. Next target for the bearish trend is at 28.55$. Conditions for Price Movement Holding below 30.06$ is crucial for the continuation of the expected decline.

Breaching 30.06$ will lead the price to turn bullish towards 31.00$.

Expected Trading Range for Today Between the support 28.90$ and the resistance 29.75$.

Trend Forecast: Bearish