Technical analysis

Silver Wave Analysis 3 April 2024

– Silver broke major  resistance zone

– Likely to rise to resistance level 28.00

Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023).

The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves 3 and (3).

Given the clear multiyear uptrend, Silver can be expected to rise further to the next resistance level 28.00 (former strong resistance from 2021).

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