Silver recently broke through the resistance area lying between the resistance level 14.80 (which reversed the price multiple times from October) and the 50% Fibonacci correction of the previous downward impulse from July.
The breakout of this resistance area accelerated the active short-term impulse wave C – which belongs to the medium-term ABC correction (4) from September.
Silver is expected to rise further and re-test the next resistance level 15.60 (former resistance from July and the target price for the completion of the active impulse wave C).
- 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…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies