Silver recently reversed up sharply from the sell target 19.00 that was set in our earlier report for this instrument. Given the strength of the support level 19.00 (which has earlier reversed the price strongly in last December and in January, February and April of this year, as you can see below) – Silver immediately corrected up from 19.00 – continuing the upward moment from today’s open.
The price just broke the resistance trendline from March and is expected to rise further to the next correction target at 20.50 (upper boundary of the sideways price range from December).
The post HY MARKETS News: Commodities Report: Silver appeared first on | HY Markets Official blog.
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