Silver Wave Analysis – 23 December, 2021

• Silver reversed from support level 21.5

• Likely to rise to resistance level 23.00

Silver recently reversed up from the powerful support level 21.5 (which stopped the earlier sharp impulse wave (1) at the end of September).

The upward reversal from the support level 21.5 1.2960 started the active short-term ABC correction 2 – of wave (2) from November.

Silver can be expected to rise further toward the next resistance level 23.00 (former low of wave B from last month).