Silver Is Moving to the Upside

Despite the multiple candlesticks formed on the daily time-frame around the resistance at 17.60, such as spinning top and shooting star candlesticks, that indicated that Silver could start falling, the precious metal continued moving to the upside on Friday and that move continues today. Silver will likely keep climbing and its closest targets are at 18.35 and the previous high at 18.48. The question is whether there will be a break out above the latter level, because if that does occur Silver could continue moving to the upside towards 19.15, which is the (MA)89 indicator on the monthly time-frame, and that is a considerable resistance level that the precious metal has tested multiple times but has not broken above in well over seven months.