Silver is trading below 50% Fibonacci correction located at 16.38 and below linear regression indicators. Trading below 16.38 will keep the probability for another try to breach 15.89 support level to test 78.6% Fibonacci correction located at 15.18.
MACD indicator signal lines are trading below the zero line, besides RSI14 is trading below 50.0 line. Therefore, we expect bearish movement over the intraday trading. Off note, breaching 16.08 is needed to confirm the bearish expectations.