Silver recently reversed sharply up from the support level 19.00 that was set as the sell target in our earlier report for this previous metal. The strength of the support at 19.00 can be clearly seen when you examine the previous price action from last December.
The latest upward correction from 19.00 stopped between the 61.8% Fibonacci Correction of the recent downward price impulse from the end of wave 2 and 38.2% Fibonacci Retracement of the longer downward impulse from March.Silver is expected to retest the support at 19.00 in the nearest time.
The post HY MARKETS News: Commodities Report:Silver appeared first on | HY Markets Official blog.
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