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FX.co ★ Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday November 28 2023.

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Forex Analysis:::2023-11-28T04:25:45

Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday November 28 2023.

Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday November 28 2023.

On the daily chart, the Silver commodity asset appears to be appreciating strongly, which is confirmed by the appearance of three Bullish Wisemen, all of which have been fulfilled by this commodity asset, so that in the next few days Silver has the potential to strengthen to the level of 25,215. If the momentum and volatility are good enough, it is not impossible that the level 25,986 will be the next target to be achieved but the strengthening in Silver will be distracted if these 2 things happen:

1. The appearance of a Bearish Divergent Bar/Candle.

2. There will be a significant correction, especially if Silver manages to broke below the 22,255 level.

(Disclaimer)

Analyst InstaForex
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