Silver – Clears Major Resistance, Role Reversal Level Ahead | Apr 19

Silver – Breaks Multi-Month Resistance, 18.45 Being Targeted (weekly chart)
Since late Q2 last year, Silver has been below the 16.15 level. However last week the PM closed above this and has since been nothing but bullish out of the gate this week.

The price action is heavily bullish with an impressive 3 week bull-run underway and I’m suspecting the major role reversal level at 18.45 is on deck.

I’d assume bulls would take some profit here, but ST & MT the PM is bullish while above 16.15 on a daily closing basis so am looking for pullbacks to get long.

Breaking 18.45 would really open the floodgates for bulls and put 21.50 on notice.

silver price action

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