Silver recently reversed up from the support area lying between the support level 14.60, lower daily Bollinger Band and the support trendline of the daily down channel from March.
The upward reversal from this support area created the strong Japanese candlesticks reversal pattern Morning Star.
Silver is expected to rise further and re-test the next resistance level 15.10 (which reversed the price multiple times in April).
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
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