Silver price begins positively – Analysis - 07-08-2019

2019-08-07 05:07:24 GMT (Economies.com)
Silver price begins positively – Analysis - 07-08-2019
 

Silver price rallied upwards strongly by today’s opening to breach 16.50 and settles above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the positive effect of the double bottom pattern continues to push the price to achieve more rise, waiting to visit 17.30 as a next main target.

 

The EMA50 supports the suggested bullish wave, noting that holding above 16.50 represents initial condition to continue the expected rise.

 

The expected trading range for today is between 16.50 support and 16.95 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1099
0.0001
0.0131%
1.2129
-0.0025
0.2094%
17.006
-0.098
0.572%
55.569
0.769
1.403%
59.25
0.62
1.06%
1502.630
-9.635
0.637%
 
 
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