Silver Wave Analysis – 22 July 2025
Silver: ⬆️ Buy – Silver broke resistance level 39.00 – Likely to rise to resistance level 40.00 Silver recently broke the resistance level 39.00, which stopped the previous impulse wave i earlier this month, as can be seen from the daily Silver chart.
Silver: Buy
– Silver broke resistance level 39.00
– Likely to rise to resistance level 40.00
Silver recently broke the resistance level 39.00, which stopped the previous impulse wave i earlier this month, as can be seen from the daily Silver chart below.
The breakout of the resistance level 39.00 should accelerate the active impulse waves 5 and (C).
Given the clear daily uptrend, Silver can be expected to rise to the next resistance level 40.00, target price for the completion of the active impulse wave iii.