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28.03.2023 08:13 AM
Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday March 28, 2023.

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After testing the 22,964 level which is a significant resistance level on the daily chart of Silver commodity assets, it seems that in the next few days Silver has the potential to depreciate downwards to the 21,675 level and if the momentum and volatility also support it, it is possible that the 20,916 level will be the next target that will be especially since it is supported by the condition of the Stochastic Oscillator indicator which is above the Overbought level and is getting ready to fall below the 80 level as long as there is no significant corrective movement beyond the 23,465 level, the decline scenario that has been described will continue safely.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2024
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