$35 is Next Silver Target #silver #preciousmetals

$35 is Next Silver Target #silver #preciousmetals

this is the silver monthly chart so every Point here is just a monthly close now it’s still May 15th so we still have half the month to go so it’s a little risky here talking about a monthly chart and a monthly close again because we’re only halfway through the month but given where silver is now we can see the monthly resistance here odds are when this month ends you’re going to see silver around this level or higher and it’s going to maintain this monthly breakout here so you I don’t have a huge worry about that but the beauty of this monthly line chart as we can see the next level this this is 36 right here this red line is at 35 because we can see monthly closes here so we can look at this and look there was a bottom there before a rally big decline so we can see 35 in monthly terms and again this is 36 right here this is going to be a very key level moving forward of course silver closed just below 30 today and I’ll get into the measured upside Target but again 35 we’ve been talking about a 34 35 but the monthly chart is telling us 35 is the next significant resistance

Silver’s next target as clear on the monthly chart.

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