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13.09.202207:55 Forex Analysis & Reviews: Elliott wave analysis of Silver for September 13, 2022

Exchange Rates 13.09.2022 analysis

Silver accelerated higher from the 17.56 corrective low. All we need is a break above minor resistance at 20.87 to confirm that silver finally has seen its corrective low and a new impulsive rally is building towards the strong resistance near 30.00. Ultimately, we expect this resistance to be broken too for a continuation higher towards the all-time high at 50.00.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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