Silver chart analysis
On Friday, the price of silver tested the previous low at the $18.00 level. After this, we saw a bullish impulse during the Asian session that increased the price to $18.60. The price continues to recover during the EU session, and we are now at the $18.80 level. We need to move to $19.00, the previous high, and try to stay there in order to continue the recovery with the next bullish impulse. Potential higher targets are the $19.20 and $19.40 levels. Otherwise, we go back down to retest the previous support zone.
On Friday, the price of silver tested the previous low at the $18.00 level. After this, we saw a bullish impulse during the Asian session that increased the price to $18.60. The price continues to recover during the EU session, and we are now at the $18.80 level. We need to move to $19.00, the previous high, and try to stay there in order to continue the recovery with the next bullish impulse. Potential higher targets are the $19.20 and $19.40 levels. Otherwise, we go back down to retest the previous support zone.
