Silver can rise 3000 pips

٢٧ سبتمبر ٢٠٢٢

After the recent drop under 18, Silver corrected higher and reached 19.50-19.80 resistance given by the horizontal level and the falling trend line of a falling wedge pattern.
A new drop followed, but this new attempt of breaking under 18 failed (at least so far)
Considering the importance of the 18 zone support, a level that offered resistance back in 2019 and 2020, I expect a reversal to the upside from Silver and bulls can buy against the recent low with 20.60 and 21.80 in extension as targets.
I will remain bullish as long as 17.80 is intact