Midday update for Silver 19-07-2017

Silver price traded positively to approach gradually from our waited target at 16.56, noting that stochastic reach to the overbought areas might cause temporary sideways fluctuation before resuming the positive attempts again.

Overall, holding above 15.49 will keep the bullish trend scenario valid for the upcoming period, which its targets extend to reach 17.43 after breaching 16.56, while holding above 15.49 represents key condition to achieve the suggested targets.

Expected trading range for today is between 16.00 support and 16.56 resistance.

Expected trend for today: Bullish