Silver price faces negative pressure – Analysis - 26-07-2019

Economies.com
2019-07-26 04:33AM UTC

Silver price found difficulty to confirm the stability above 16.50, to trade negatively and move below it again, waiting to get enough positive momentum to push the price to resume the positive attempts and breach the mentioned level again to open the way to rally towards our next positive target at 17.30.

 

Note that the continuation of the suggested bullish wave conditions holding above 16.00.

 

The expected trading range for today is between 16.15 support and 16.60 resistance.

 

The expected trend for today: Bullish

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