Silver completed an expanded ending diagonal with the test of 17.56 and is ready to rally higher in the weeks/months ahead. We are looking for resistance near 22.51 to reject the first attempt to break through as the cause for a temporary setback to support near 20.46. This price action will be followed by the next major rally higher towards 24.90. A break above the resistance line will call for a retest of strong resistance near 30. Only a clear break above here will open the upside for a stronger rally towards the all-time high at 50.00.
Relevance up to 07:00 2022-11-18 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
