Silver Wave Analysis – 10 August 2026

Silver: ⬆️ Buy

– Silver broke resistance zone

– Likely to rise to resistance level 71.60

Silver recently broke the resistance zone between the resistance level 62.60 (top of the previous wave 2 from July) and the 50% Fibonacci correction of the downward impulse from June.

The breakout of this resistance zone greatly accelerated the active impulse wave C of the ABC correction (2) from the middle of July.

Given the strength of the active impulse wave C, Silver can be expected to rise to the next resistance level 71.60 – top of wave 2 from June.