From TradingView · · 40s
Silver Wave Analysis
Silver reverses from support to target resistance.
In brief
Silver reverses from support to target resistance. Silver reversed from support level 62.60 to rise toward resistance 68.45. Originally reported by TradingView.
Silver Wave Analysis
Silver reversed from support area between 62.60 and 68.45.
Support Level 62.60
Support level 62.60 reversed price from March and stopped minor correction B.
Resistance Level 68.45
Silver expected to rise to resistance level 68.45 after reversal.
Fibonacci Correction
50% Fibonacci correction of wave A from July formed support zone.
Price Reversal
Upward reversal stopped previous minor correction B from end of August.
The big picture
Silver reversed from support level 62.60 to rise toward resistance 68.45.
