Silver Wave Analysis

Silver: ⬆️ Buy

  • Silver broke daily Triangle
  • Likely to rise to resistance level 75.30

Silver recently broke through the resistance zone between the resistance level 70.00 and the resistance trendline of the daily Triangle from February.

The breakout of this resistance zone accelerated the active minor impulse 3 – that belongs to the intermediate impulse wave (5) from March.

Silver can be expected to rise further to the next resistance level 75.30 – the breakout of which can lead to further gains toward 80.00.

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