SILVER– HOW MUCH COULD BE GONE TO HIGHER??

Silver from last year, May 2024, had been trading within a range till this year, in June, on the weekly and daily charts. Silver got a massive bullish momentum in May this year and started a bullish rally. However, silver was able to break the one-year remaining range in the last June this year. Then silver has been trading within a range for about one month and has created a rectangle bullish continuous price action pattern. IN this month date on 11 July, silver also breaks the rectangle pattern and has gone to 39.125! After this, silver gets some pullback to the previous broken weekly major resistance level, 37.580. IN this level, we saw a bullish tail bar price action pattern, which indicates the rejection of the label and more bullish movement initiative. So, by this chart view of daily and 4-hour, we can expect more up movement of silver. And it could go to the higher label 40.000 /40.500 or more!!