- Silver reversed from support level 22.50
- Likely to rise to resistance level 23.50
Silver recently reversed up from the strong multi-month support level 22.50 (which has been reversing the price from June) intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 stopped the previous short-term ABC corrective wave 2.
Given the strength of the support level 22.50, Silver can be expected to rise further toward the next resistance level 23.50.
 intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.){kind=link}