(05 AUGUST 2019)Silver spot ($):Further advance.

Pivot (invalidation): 16.2500

Our preference

Long positions above 16.2500 with targets at 16.5100 & 16.6500 in extension.

Alternative scenario

Below 16.2500 look for further downside with 16.1000 & 15.9800 as targets.

Comment

The RSI shows upside momentum.

(By Swissquote TRADING CENTRAL)