Midday update for Silver 05-08-2020

Silver price breached 26.20 level strongly and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, which targets 27.90 as a next main station, organized inside the bullish channel that we expect to carry the price to achieve more gains on the short term and medium term basis, while holding above 26.20 represents key condition to continue the suggested bulslih wave.

The expected trading range for today is between 25.00 support and 27.00 resistance.

The expected trend for today: Bullish