Silver Is Climbing Again

Silver had been oscillating between 15.700 and 18.000 for months when the UK referendum last week finally pushed it above the resistance at 18.000 and to a new high at 18.300. Although Silver retraced considerably afterwards, it formed a pair of spinning top candlesticks on the daily time-frame above the support at 17.515 and started moving to the upside again, breaking above the resistance at 18.000 for a second time.  Currently Silver it testing the high from last week at 18.30 again and I think it is likely for it to break above that level. Should that happen we can probably expect a further move to the upside towards 19.510, which is (MA)89 on the monthly time-frame.