June 27, 2014
Silver recently reached the buy target 21.20 that was set in our previous report for this index. Silver can be expected to rise further in the currently active second minor corrective wave 2 toward the next buy target at the resistance level 22.00.
This resistance level earlier created the top of the second intermediate corrective wave (2) in February (as you can see on the daily Silver chart below). If Silver breaks above 22.00 – it can rise to the next buy target at 23.00. Alternatively, Silver will reverse down from 22.00 to 21.20.
The post HY MARKETS News: Commodities Report: Silver appeared first on | HY Markets Official blog.
