Silver Continues Climbing

The overall bullish trend continues to develop despite the stalling at 18.10 and the hanging man candlestick on the daily time-frame at that level. The precious metal broke above the aforementioned resistance level and continued moving steadily to the upside. It has almost reached the target at 18.45. The question is what will happen once it does reach it, and it probably will. It could, of course, bounce off from that level and finally begin retracing, at least until it reaches 18.00 again. On the other hand, considering how bullish Silver is, if it breaks out above 18.45 and continues moving to the upside it could reach the next significant resistance level which is at 19.20 and coincides with the (MA)89 indicator on the monthly time-frame.