Silver price surpasses the target – Analysis - 20-06-2019

Silver price succeeded to achieve our waited target at 15.23 and breaches it to settle above it, which supports the chances of extending the bullish wave on the short term basis, expecting the continuation of the bullish bias to visit 15.62 level as a next main station.

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that failing to hold above 15.23 might press on the price to decline and test 14.95 followed by 14.73 areas again before any new attempt to rise.

The expected trading range for today is between 15.10 support and 15.45 resistance.

The expected trend for today: Bullish