Silver recently reversed up from the support area lying between the key support level 13.30 (which reversed the price at the end of January), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward price impulse from September.
The upward reversal from this support area stopped the earlier impulse wave 3.
Silver is expected rise further and re-test the next resistance level 14.30 (top of the previous ABC correction (2)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies