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Silver prices show a moderate negative trend, testing 25.00 for a breakdown. The day before, the instrument showed an active decline, reacting to the strengthening of the US currency, but the "bears" failed to consolidate on new local lows of April 3.

The dollar, as before, is supported by expectations of further tightening of monetary policy by the US Federal Reserve. At the moment, more than 80% of analysts suggest an increase in interest rates during the May 2-3 meeting by another 25 basis points. Then, however, it is not excluded that the regulator will take a short pause in the cycle of rising borrowing costs, given that inflationary pressures in the US are gradually easing.

Similar actions are also expected from the European Central Bank (ECB) and the Bank of England. The UK inflation data released the day before again disappointed investors: in March, the Consumer Price Index slowed down from 10.4% to 10.1%, which is still more than 5 times higher than the target levels of the British regulator.

Finally, the pressure on the quotes of the instrument is exerted by the fact of further growth in the yield of US Treasury bonds: ten-year bonds rose from 3.572% to 3.627% the day before.

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic interrupted the decline in the middle of the week and is currently trying to reverse upwards, signaling in favor of the development of corrective growth in the next time intervals.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 25.35, 25.64, 26.00, 26.57. | Support levels: 25.00, 24.42, 24.00, 23.60.