Technical Analysis of Daily Price Movement of Silver Commodity Asset, Thursday April 27, 2023.
April 27, 2023 8:24 am
Silver Commodity Assets on the daily chart are currently being corrected down to test the level of the 22.964.50-22.815.50 area where the downward correction movement has been confirmed by the MACD indicator which is in a speculative SELL condition but if the level in this area is strong enough to stop the pace of correction falling down from Silver,then in the next few days Silver still has the opportunity and potential to rally again up to the 25,770 level as its main target and if the momentum and volatility are sufficiently supportive, it is not impossible that the rally could last up to the 29,442 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Silver Commodity Assets on the daily chart are currently being corrected down to test the level of the 22.964.50-22.815.50 area where the downward correction movement has been confirmed by the MACD indicator which is in a speculative SELL condition but if the level in this area is strong enough to stop the pace of correction falling down from Silver,then in the next few days Silver still has the opportunity and potential to rally again up to the 25,770 level as its main target and if the momentum and volatility are sufficiently supportive, it is not impossible that the rally could last up to the 29,442 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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