Investing.com - Heightened geopolitical tension in Syria and the Korean peninsula is good news for those bullish on silver.
The precious metal is poised to push toward the $19 mark underpinned by its technical bias.
The U.S. and Japan are strategizing military options should China fail to rein in North Korea if it continues with its nuclear program.
In addition, U.S. air strikes last week against Syria in response to its use of chemical weapons against Syrian citizens appears to show the Trump administration will have no qualms in using force to pursue its interests.
Backed by fundamental momentum, silver may push above the $18.47 mark against which previous rallies have stalled.
If this is the case, the broader ABC wave may complete in line with the highly bullish moving average bias and the neutral relative strength index.
The moving average convergence divergence line crossover that worried some traders Tuesday looks like a little bit of a false signal and may be ignored.
If geopolitical tensions fail to ease in the medium to long-run, silver could even push past the $19 handle.