Silver Wave Analysis

Silver: ⬆️ Buy

– Silver broke resistance zone

– Likely to rise to resistance level 70.00

Silver recently broke the resistance zone between the resistance levels 60.00 and 65.00 as well as the resistance trendline of the daily up channel from August.

The breakout of this resistance zone accelerated the active short-term impulse wave 3 of the intermediate impulse wave (3) from the end of November.

Given the strong daily uptrend, Silver can be expected to rise further to the next round resistance level 70.00 (target price for the completion of the active impulse wave (3)).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading