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July 12th, Economies analysts’ latest views today: Silver prices tested the support of 23.00 and rebounded, as EMA50 crossed the support level, adding more support to it, while noting that the stochastic indicator now has a bullish overlap , to incentivize the price to achieve more expected gains within the day, with its next target at 23.70.
Therefore, we will continue to be bullish on the price, the trend is presented as a bullish channel on the chart, and the price needs to stay above 23.00 to achieve the desired target.
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Today’s expected trading range is 22.90-23.70.
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