Technical analysis

Silver Wave Analysis 26 March, 2021

Silver Wave Analysis 26 March, 2021

• Silver reversed from support zone

• Likely to reach resistance level 26.65

Silver recently reversed up from the support zone lying between pivotal support level 24.5 (which has been reversing the price from January) and the lower daily Bollinger Band.

The upward reversal from this support level formed the daily candlesticks reversal pattern Hammer Doji.

Silver is likely to rise further toward the next resistance level 26.65 (top of the previous minor corrective wave B from the middle of March).

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