Silver is once again testing the support area between 18.72 and 18.95. We expect that support at 18.72 will be able to protect the downside for a break above minor resistance at 19.43 for a confirmation that wave 2 has completed and wave 3 is unfolding towards at least 26.40 and ultimately towards the strong resistance at 30.00.
Only an unexpected break below the short-term key support at 18.72 will invalidate our bullish count for silver and call for a move closer to support at 17.44 before moving higher again.
