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15.02.202208:25 Forex Analysis & Reviews: Elliott wave analysis of Silver for February 15, 2022

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Exchange Rates 15.02.2022 analysis

Silver is lacking and still needs to break above resistance at 24.70 and more importantly a break above resistance at 25.40 confirming a continuation higher towards the former peak at 30 and ultimately above here too for a rally towards the all-time high at 50.00.

Support is now seen at 22.87 that ideally will be able to protect the downside for the break above minor resistance at 24.70.

Torben Melsted
Analytical expert of InstaForex
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