Silver Has Potential For Further The Strong Downside Momentum| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:

silver has potential for further the strong downside momentum grafika numer 1

Silver has been trading upside during the Asia session and the price tested the level of $18.75. Anyway, I see potential for the downside movement due to strong downside cycle.

Trading recommendation:

Due to the strong downside momentum in the background, I see potential for further downside movement.

Watch for the potential selling opportunities in case of the breakout of the mini upside channel.

Downside objective is set at the price of $18.00.

Oscillator is showing overbought condition and fresh bear cross, which is good sign for further downside movement.

Resistance is set at the price of $19.00

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Relevance up to 09:00 2022-09-28 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.

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Silver Has Potential For Further The Strong Downside Momentum

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