Categories: Technical analysis

Silver Wave Analysis – 28 November 2025

Silver: ⬆️ Buy

– Silver broke key resistance level 54.00

– Likely to rise to resistance level 58.00

Silver recently broke the resistance zone between the key resistance level 54.00 (which stopped the previous sharp impulse wave (5) in October) and the resistance trendline of the ascending triangle from October.

The breakout of this resistance zone accelerated the active intermediate impulse wave (3).

Given the clear daily uptrend, Silver can be expected to rise to the next resistance level 58.00, target price for the completion of the active impulse wave (3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Silver

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