– Silver reversed from support level 22.50
– Likely to rise to resistance level 23.50
Silver recently reversed up from the strong multi-month support level 22.50 (which has been reversing the price from June) intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 stopped the previous short-term ABC corrective wave 2.
Given the strength of the support level 22.50, Silver can be expected to rise further toward the next resistance level 23.50.
Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
This website uses cookies