(07 JULY 2020)Silver spot ($) Bullish bias above 18.1500.

Pivot
 (invalidation): 18.1500
Our preference
Long positions above 18.1500 with targets at 18.4000 & 18.5300 in extension.
Alternative scenario
Below 18.1500 look for further downside with 18.0600 & 17.9500 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)