Silver price under the negative pressure – Analysis - 12-07-2019

Silver price faced negative pressure yesterday to break 15.23 level and settles below it, which pushes the price back to the bearish channel, but we notice that stochastic begins to overlap positively now, which forms positive motive that we expect to push the price to resume the positive attempts, making the chances valid to trade positively in the upcoming sessions.

Therefore, we suggest witnessing bullish bias today conditioned by the price stability above 15.05, noting that breaching 15.23 is required to confirm the continuation of rising and achieve our next main positive target at 15.62.

The expected trading range for today is between 15.00 support and 15.35 resistance.

The expected trend for today: Bullish