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Silver has 2 big up days in the background and market went way to fast way to far, which can open opportunity for the reversion to the mean to the downside.
Due to extreme upside condition on the Silver, I see potential for the downside movement.
Watch for the potential selling opportunities on the rallies with the downside objectives at 19346 and 19.20.
Stochastic oscillator had 3 pushes up in the background, which is good sign for further downside movement.
Key resistance is set at the price of 21.18
Relevance up to 09:00 2022-10-06 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
