– 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.
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Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
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The British pound fell below the 1.30 level against the dollar after weak inflation data…
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