FX.co ★ Daily analysis of Silver for July 26, 2016

Overview

The silver price kept its stability above 19.35 levels after several tests of this level, accompanied by the bullish trend signals provided by stochastic on the four-hour time frame. The price is likely to resume the bullish trend that was stopped temporarily for some bearish correction after hitting the recent top at 21.12. A breach of 20.10 will help the price head towards our main awaited target at 22.00; remember that holding above 19.35 represents the main condition for achieving the suggested targets. The expected trading range for today is between the 19.00 support and the 20.10 resistance.