(05 August 2020)Silver spot ($) Bullish bias above 25.3400.

Pivot
 (invalidation): 25.3400
Our preference
Long positions above 25.3400 with targets at 26.3000 & 26.8500 in extension.
Alternative scenario
Below 25.3400 look for further downside with 24.9500 & 24.7000 as targets.
Comment
A support base at 25.3400 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)