Silver price hits the first target – Analysis - 07-07-2020

The Silver price succeeded to achieve our first waited target at 18.38 and settles near it, waiting to get enough positive motive to push the price to breach this level and confirm rallying towards our next station that reaches 18.93.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting htat breaking 17.85 will stop the suggested rise and press on the price to start intraday bearish correction that targets testing 17.40 areas and might extend to 16.80 before any new attempt to rise.

The expected trading range for today is between 18.00 support and 18.60 resistance.

The expected trend for today: Bullish