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24.04.202405:47 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Wednesday April 24, 2024.

Exchange Rates 24.04.2024 analysis

On the 4 hour chart of Silver commodity asset, there is a hidden deviation between Silver price movement with Stochastic Oscillator indicator where this is marked that in the near future, Silver has the potential to go down to its weakness where the level 26,630 will be the main target that will try to aim in the near future, and if the momentum as well as the volatility is quite supporting, then it is not impossible that the next level of 26,236 will be the next target to be aimed, but all these downward scenario will become invalid if on the way to those target levels suddenly there is a strengthening significant correction especially if Silver managed to break above the level 27,325.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2024
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