Silver Price Falls Below Key Level, Bearish Trend Expected to Continue

Silver prices have dipped below the $27.62 mark, closing the daily candlestick below this level and reinforcing expectations of a continued bearish trend. The price is approaching the initial negative target of $27.00 and could potentially decline further to $26.12. Trading within a bearish channel supports the forecast of ongoing downward movement, provided the price remains below $27.80.

For today, the expected trading range is between $27.15 support and $27.95 resistance.

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