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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.
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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.
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