Silver Eyeing Towards New Highs
Silver is breaking to the upside out of that April–May consolidation that we've been tracking over the last few weeks. So far, we can see a very nice push above the 33.70 resistance, and since the market closed well above that level, it just confirms that bulls are strong and likely to remain in control after any near-term dips. Ideally, we are now in the third leg of recovery within five-wave bullish impulse, so after so after recent retracement we are now expecting more upside, up to around 37.50/38.
Supports are around 35.
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