29.06.2020 Silver Daily Analysis
On the long-term outlook,
XAGUSD (Silver) is on the ranging mode. Silver has been maintaining its movement within the range of $18.1 and $17.3 price levels for more than two weeks. In case the bulls can push the price above the resistance level of $18.1 with the daily candle close above it, the nearest resistance level can be found at $18.8. Further increase in price may expose it to $19.5 price level. In case the bears prevail and break out at the support level of $17.3, it may lead to a further decrease in price to $16.6 and $15.7