Trading Conditions
Products
Tools
Although on the 4-hour chart, the Silver commodity instrument is seen moving in a Bullish condition where this is indicated by its price movement moving above the EMA (21) and within its daily Bullish Pitchfork Channel, however, with the appearance of the Rising Wedge pattern and Divergence between the Silver price movement and the Awesome Oscillator indicator, it gives an indication of the potential for a weakening correction, but as long as the correction does not breaks and close below the level of 32,715, it will actually be an indication of the strengthening momentum that will occur next where Silver will strengthen again to the level of 34,180 as its main target and if the strengthening momentum and volatility support it, 35,838 will be the next target to be aimed for.
(Disclaimer)
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.