Silver recently reversed up from the support area lying between the support level 15.00 (former resistance from April and June – acting as support after was broken by the previous upward impulse (i)).
The upward reversal from this support area started the active short-term impulse weave (iii) – which belongs to wave 3 from last June.
Silver is expected rise further and retest the next resistance level 15.50 (top of the previous impulse wave (i)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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