Silver can be expected to fall further to the next support level 55.00 (target price for the completion of the active impulse wave C.
- Silver broke support zone
- Likely to fall to support level 55.00
Silver recently broke the support zone between the strong support level 61.7 (which stopped the previous waves (2) and A, as can be seen from the daily Silver chart below) and the support level 65.00 (former strong support from February which stopped earlier wave A) and the 61.8% Fibonacci correction of the upward impulse from July of 2025. The breakout this support zone should accelerate the active short-term impulse wave C – which belongs to the intermediate ABC corrective wave (2) from the start of May.
Given the strength of the active impulse wave C and the predominantly risk-off sentiment seen today, Silver can be expected to fall further to the next support level 55.00 (target price for the completion of the active impulse wave C.
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