Silver 74353-71390 has held at the Fibonacci support zone and the upward movement continues. If it stays above the 79352 level, it may test the 86381 level.


To continue rising, it must close above 86381. This would mark the first high peak following the last downward wave.
The increases continue by breaking previous peaks. The next peak is at 92205. If the upward movement continues to the Fibonacci correction level of 101-99, this will act as resistance. If it cannot break through, a decline may occur again.
If the resistance in the 99-101 zone is broken, there is a possibility to test the 115 resistance, and if it stays above that, the rise toward the 131 resistance could continue.
Resistances during the upward trend are at 131-152-187 levels.
From a broader perspective, as long as the daily holds the 70,198 low during pullbacks, the upward trend continues. Pullbacks are considered corrections of the rise.
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