empty
 
 
26.05.2023 06:56 AM
Elliott wave analysis of Silver for May 26, 2023

This image is no longer relevant

Silver has now tested support at 23.00 and could move a bit lower to test 22.66, but all requirements have now been fulfilled and silver could complete the correction in wave ii anytime now for the next impulsive rally through minor resistance at 24.21 towards 26.13 on the way higher to strong resistance near 30.00.

Ultimately, we see a break above strong resistance at 30.00 too, but for now, we will be looking for strong signs of wave ii being complete and wave iii in motion.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback