Midday update for Silver 18-06-2021

Silver price trades with clear positivity to breach 26.25 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to achieve additional gains that reach 26.85 as a next station, while trading below it again will reactivate the bearish trend that its next target located at 25.65.

Therefore, we prefer to stay neutral temporarily until the price confirms its situation according to 26.25 level to confirm the next destination clearly.

The expected trading range for today is between 25.65 support and 26.60 resistance.

The expected trend for today: Neutral