Midday update for Silver 02-07-2019

Silver price continues to fluctuate around the bullish channel’s support line that appears on the chart, and the price still stuck between the trend confirmation levels represented by 15.10 supprot and 15.30 resistance, waiting to breach one of them to detect the next targets clearly, to continue with our neutrality until now.

The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, while the details of the expected targets after breaching the above mentioned levels area explained in our morning report.

The expected trading range for today is between 15.00 support and 15.40 resistance.

The expected trend for today: Neutral