Commodities

Midday update for Silver 19-07-2019

2019-07-19 10:43:01 GMT (Economies.com)

Silver price continues to fluctuate near 16.50 level, and we still suggest the continuation of the bullish bias affected by the previously completed double bottom pattern, supported by the EMA50, reminding you that our extended target reaches 17.30 after breaching the previous level, while holding above 16.00 represents key condition to achieve the suggested targets.

 

The expected trading range for today is between 16.30 support and 16.60 resistance.

 

The expected trend for today: Bullish

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