(20 JULY 2018)Silver spot ($):Bullish bias above 15.2200.

Pivot (invalidation): 15.2200

Our preference

Long positions above 15.2200 with targets at 15.3900 & 15.4600 in extension.

Alternative scenario

Below 15.2200 look for further downside with 15.1500 & 15.0800 as targets.

Comment

A support base at 15.2200 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)