Silver Wave Analysis – 28 May 2025

Silver: ⬇️ Sell

– Silver reversed from resistance level 33.70

– Likely to fall to support level 31.70

Silver recently reversed from the resistance level 33.70 (which is the upper border of the sideways price range inside which the price has been trading from April).

The resistance area near the resistance level 33.70 was strengthened by the upper daily Bollinger Band.

Silver can be expected to fall to the next support level 31.70 (lower border of the active sideways price, which reversed the previous waves a and 2).

Source: https://fxpro.news