Silver price retested 23.15 level and kept its stability above it, noticing that stochastic got rid of its negativity and begins to overlap positively now, expecting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 24.20 initially.

Therefore, the positive scenario will remain suggested for the upcoming period unless breaking 23.15 and holding below it.

The expected trading range for today is between 23.00 support and 23.90 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0171	-0.0048	0.4692%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2107	0.0003	0.0244%

	Silver	20.114	-0.137	0.676%

	Oil	86.632	-0.629	0.721%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1775.005	-6.680	0.375%
Midday update for Gold 16-08-2022

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