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Silver Wave Analysis – 15 May, 2019

Silver Wave Analysis – 15 May, 2019

  • Silver broke resistance zone
  • Likely to rise to 17,00

Silver recently broke the resistance area lying between the resistance level 15.80 (monthly high from April) and the 61,8% Fibonacci correction of the previous downward impulse (3) from February.

The breakout of this resistance zone accelerated the C-wave of the active medium-term ABC correction (4) from March.

Silver is likely to rise further toward the next resistance level 17,00 (forecast price for the termination of the active ABC correction (4)).

Silver Wave Analysis – 15 May, 2019

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