Midday update for Silver 30-03-2020

Silver price shows positive trades to test 14.17 level, which urges caution from the upcoming trading, as the continuation of the bullish bias and holding above this level will stop the morning suggested negative scenario and leads the price to rise again, on its way to visit 50% Fibonacci correction level at 15.08.

Until now, the bearish trend will remain suggested as long as the daily close remains intact below 14.17, noting that our next target is located at 13.05.

The expected trading range for today is between 13.50 support and 14.20 resistance.

The expected trend for today: Bearish