Midday Update: Silver Price Remains Weak

The price of silver has displayed weak trading patterns throughout the morning, reinforcing our expectations for a continued bearish trend today. This outlook is contingent on the price remaining below the 21.35 level. It is supported by negative pressure from the EMA50. It is worth noting that our anticipated targets start with a breach of the 20.70 level, which would confirm the potential for a further decline towards 19.90.

The expected trading range for today is projected to be between the support level at 20.50 and the resistance level at 21.30.

The prevailing trend for today is expected to be bearish.