10.08.201618:18 Forex Analysis & Reviews: Daily analysis of Silver for August 10, 2016

Long-term review

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Overview

The silver price managed to breach the EMA50 and closed the last four-hour candlestick above it, thus getting positive motive that reinforces the continuation of the bullish trend scenario for today, and opening the way to 21.12 levels initially. Therefore, our positive overview will remain valid for the upcoming period as long as the price is above 19.38 levels. A breach of the targeted level will extend silver price gains to 22.00 followed by 22.40. The expected trading range for today is between the 19.75 support and the 20.75 resistance.

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