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14.03.202309:46 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday March 14 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.03.2023 analysis

With the appearance of deviations between price movements and the Stochastic Oscillator indicator, it gives a hint that in the near future silver has the potential to appreciate to the level of 22,964 but before that occurs, it seems that Silver also has the potential to be corrected first in order to gain upward momentum but the downward correction cannot fall beyond the 19,850 level because if this level is successfully exceeded, the potential increase previously described will become invalid and cancel by itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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