July 10th, Economies analysts’ latest opinion today: silver prices broke through 23.00 and stabilized above it, providing a bullish signal to resume, but the stochastic indicator now shows a clear negative signal, forming downward pressure on prices.
The conflict between technical factors makes us more inclined to stay on the sidelines until we get clearer trend signals.
It is worth noting that if the price continues to stabilize above 23.00, it will push the price to 23.70; once it falls below this level, it will push the price back to the downtrend, and the lower target is 22.25. Today’s trading range is expected to be between 22.60-23.55.