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Silver begins positively – Analysis - 01-08-2016
Silver price opens today's trading with clear positivity to approach gradually from our first main waited target at 21.12, supported by the EMA50, to keep our bullish overview valid and active for the upcoming period, waiting to surpass the mentioned level to confirm extending the bullish wave towards 22.00 followed by 22.40 areas.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 19.35 level and holding below it, as breaking this level represents negative factor that will push the price to visit 18.30 level before any new attempt to rise.
Expected trading range for today is between 20.00 support and 21.30 resistance.
Expected trend for today: Bullish
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