Silver Wave Analysis – 22 July 2025

Silver: ⬆️ Buy

– Silver broke resistance level 39.00

– Likely to rise to resistance level 40.00

Silver recently broke the resistance level 39.00, which stopped the previous impulse wave i earlier this month, as can be seen from the daily Silver chart below.

The breakout of the resistance level 39.00 should accelerate the active impulse waves 5 and (C).

Given the clear daily uptrend, Silver can be expected to rise to the next resistance level 40.00, target price for the completion of the active impulse wave iii.

Source: https://fxpro.news