Technical analysis: Silver prices may see brief sideways movement on July 19

July 19th, Economies analysts’ latest views today: silver prices rose above 25.00 and tried to stay above it, which strengthened the expectation of a continuation of the bullish trend within the day. Our waiting target starts at 25.50, followed by 26.07.

Prices may see brief sideways swings until they gain enough positive momentum to push prices back up. The rally is supported by EMA50. It is worth noting that a break below 24.60 will stop the rise and push the price to turn down .

Today’s trading range is expected between 24.70 support and 25.50 resistance.