23.10.202405:43 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Commodity Asset,Wednesday October 23, 2024.

Relevance up to 23:00 2024-10-27 UTC--4

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From what is seen on the daily chart of the Silver commodity asset, a Bullish 123 pattern has appeared followed by several Ross Hooks (RH) which indicates that the condition of this commodity asset has begun to be dominated by buyers, especially after successfully breaking out and exiting its Descending Broadening Wedge pattern, especially with the confirmation of its price movement which is above the MA 50 which has a slope that dives upwards, so as long as there is no weakening correction that break and closes below the level of 31,625, Silver will continue to strengthen in the next few days to the level of 37,325 as its main target and if the momentum and volatility support it, 40,920 will be the next target to be aimed for.

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