The price of (Silver) declined in its last intraday trading, amid the dominance of the negative signals on the (RSI), after reaching overbought levels with the stability of the critical resistance level at $39.10, which forced it to attempt to gain the required positive momentum for breaching it, which led the price to break a minor bullish bias line that supports the last move of the price, which might put it under negative pressure temporarily, where it approaches from leaning on the support of EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend.

 

Therefore, our expectations suggest a rise in (silver) price in their upcoming intraday trading, especially if the support settles at $38.40 level, to target the mentioned resistance level at $39.10.

 

Expected trading range for today: Between the support at $38.40 and resistance at $39.10

 

Today’s forecast: Neutral

 

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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025