Midday update for Silver 11-07-2017

Silver price tests the critical support at 15.49 now and attempts to break it, which represents one of the critical levels besides 15.70 resistance, where we mentioned in our morning report that surpassing one of these levels required for detecting the next trend clearly, which makes us remain neutral until getting clearer signal for the next trend.

The contradiction between stochastic positivity and the moving avregae negativity provides another reason for the neutrality, to recognize the expected targets from breaching the above mentioned levels, please review our morning report.

Expected trading range for today is between 15.30 support and 15.80 resistance.

Expected trend for today: Depends on the above mentioned levels