Technical Analysis of Weekly Price Movement of Silver Commodity Asset, Tuesday May 30, 2023.
May 30, 2023 8:22 am
On the weekly chart of Silver commodity assets, an Ascending Broadening Wedge pattern can be seen, followed by deviations between price movements and the osMA indicator, then, it can be concluded that in the near future Silver will fall down to the 19,850 level as its main target and the 17,515 level as the second target, but if On its way to these targets, silver suddenly turns to rally up again, especially if it manages to break above the 26,075 level, then all the scenarios described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the weekly chart of Silver commodity assets, an Ascending Broadening Wedge pattern can be seen, followed by deviations between price movements and the osMA indicator, then, it can be concluded that in the near future Silver will fall down to the 19,850 level as its main target and the 17,515 level as the second target, but if On its way to these targets, silver suddenly turns to rally up again, especially if it manages to break above the 26,075 level, then all the scenarios described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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