(07 AUGUST 2019)Silver spot ($):The upside prevails.

Pivot (invalidation): 16.5200

Our preference

Long positions above 16.5200 with targets at 16.8300 & 17.0000 in extension.

Alternative scenario

Below 16.5200 look for further downside with 16.4000 & 16.3400 as targets.

Comment

The RSI shows upside momentum.

(By Swissquote TRADING CENTRAL)