Midday update for Silver 08-07-2020
Economies.com
2020-07-08 10:05AM UTC
Silver price resumes its positive trading to start the breaching process to 18.38 level, which reinforce our expectations of continuing the bullish trend efficiently for the rest of the day, and the price needs to confirm the beach to rally towards 18.93 that represents our next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 17.90.
The expected trading range for today is between 18.10 support and 18.60 resistance.
The expected trend for today: Bullish
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