#tradesilver

Precious metals rally, holding gains in early Thursday after the Fed’s statement reaffirming its commitment to an easy money policy, mentioning that there was much more progress needed before low interest rates and the pace of asset purchases are changed.

Just like the bullish Gold, Silver isn’t far behind and is moving higher, peaking at $25.39. The white precious metal has completed its correction, and looks like it’s about to start a new uptrend impulse wave. If it continued its uptrend, the next resistance would be breaking $25.50.

Today’s chart is suggesting that price will continue to move higher. Buying range is in between $25.19 to 25.14, with a support level of $23.55.