• Silver broke resistance level 18.18
• Further gains likely toward 18.50
Silver under strong bullish pressure following the earlier breakout of the long-term resistance zone lying between the strong resistance level 18.18 (former multi-month high from September of 2017) and the 61.8% Fibonacci correction of the previous long-term ABC correction ② from the middle of 2016. The breakout of this resistance area strengthened the bullish pressure on Silver – accelerating the active impulse wave 5 – which is final impulse wave inside the weekly upward impulse sequence (3) from the end of May. Silver is likely to extend the gains toward the next powerful resistance level 18.50 (yearly high from 2017).
