FX.co ★ Elliott wave analysis of Silver for March 7, 2022

Silver has finally broken above the important resistance at 25.40 which calls for a rally towards the former peak at 30.00. A clear break above this level will imply the continuation towards the all-time high at 50.00. In the short term, the former resistance at 25.40 should act as support and ideally ensure that the price moves towards 28.72 and then 30.00.