empty
 
 
11.02.2025 10:32 AM
Technical Analysis of Intraday Price Movement of Silver Commodity Instrument, Tuesday February 11, 2025.

This image is no longer relevant

From what is seen on the 4-hour chart, the Silver commodity instrument appears to have a Bullish 123 pattern followed by a Bullish Ross Hook (RH) where all of this means that Silver is strengthening, but even though the Silver price movement is still in a strengthening condition, the appearance of a divergence between the price movement and the Stochastic Oscillator indicator and the appearance of the Bearish 123 pattern gives an indication and the Ascending Broadening Wedge pattern gives an indication that in the near future there is a potential for weakening that will occur in the commodity instrument where as long as there is no further strengthening that breaks through and closes above the level of 32.576, Silver will fall to the level of 31.584 if this level is successfully broken and closes below it, Silver will continue its weakening to the level of 31.164

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback