(26 JULY 2019)Silver spot ($):Look for 16.2000.

Pivot (invalidation): 16.5200

Our preference

Short positions below 16.5200 with targets at 16.3100 & 16.2000 in extension.

Alternative scenario

Above 16.5200 look for further upside with 16.6200 & 16.7400 as targets.

Comment

As Long as the resistance at 16.5200 is not surpassed, the risk of the break below 16.3100

remains high. 

(By Swissquote TRADING CENTRAL)