empty
23.10.2024 05:43 AM
Technical Analysis of Daily Price Movement of Silver Commodity Asset,Wednesday October 23, 2024.

This image is no longer relevant

From what is seen on the daily chart of the Silver commodity asset, a Bullish 123 pattern has appeared followed by several Ross Hooks (RH) which indicates that the condition of this commodity asset has begun to be dominated by buyers, especially after successfully breaking out and exiting its Descending Broadening Wedge pattern, especially with the confirmation of its price movement which is above the MA 50 which has a slope that dives upwards, so as long as there is no weakening correction that break and closes below the level of 31,625, Silver will continue to strengthen in the next few days to the level of 37,325 as its main target and if the momentum and volatility support it, 40,920 will be the next target to be aimed for.

(Disclaimer)

Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.