Silver Wave Analysis – 28 April, 2022

• Silver broke support level 24.00
• Likely to fall to support level 22.00

Silver recently broke the support level 24.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from the end of last year.

The breakout of the support level 24.00 accelerated the active intermediate ABC correction (2).

Silver can be expected to fall further toward the next support level 22.00 (target for the completion of the active ABC correction (2)) .