Silver: ⬆️ Buy
- Silver broke round resistance level 50.00
- Likely to rise to resistance level 54.00.
Silver continues to rise strongly after the price broke the round resistance level 50.00 intersecting with the resistance trendline of the sharp daily up channel from September.
The price has been breaking through 3 progressively steeper upward channels – which signals the acceleration of the upward momentum.
Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 54.00 (target price for the completion of the active impulse wave 5).
