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30.05.202206:11 Forex Analysis & Reviews: Elliott wave analysis of Silver for May 30, 2022

Exchange Rates 30.05.2022 analysis

Silver is in the early stages of the next impulsive rally towards strong resistance near 30.00. We have seen silver stall at 30.00 twice before. However, the next attempt will be successful and a clear break above 30.00 will call for a continuation towards the all-time high at 50.00.

In the short term, we are looking for a test of minor resistance at 23.27. A break above here confirms the expected rally towards the strong resistance at 30,00 and likely higher.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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