Silver Wave Analysis – 12 December , 2018
December 12, 2018 @ 17:37 +03:00
- Silver rising inside short-term impulse wave (c)
- Further gains are likely
Silver continues to rise inside the short-term impulse wave (c), which belongs to the medium-term ABC correction 4 from the middle of November.
The active wave 4 started recently from the major support level 14.00 (which has been steadily reversing the pair from the start of September) – strengthened by the lower daily Bollinger Band.
Silver is expected to rise further and re-test the next strong resistance level 14.80 (previous monthly high from October and November).