20.11.202406:04 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Commodity Asset, Wednesday November 20, 2024.

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With the appearance of the Bearish 123 pattern followed by several Bearish Ross Hook (RH) plus confirmation by the appearance of the Bearish Pitchfork channel and silver is moving harmoniously in it on its daily chart, the Silver commodity asset has confirmed that it is in a Bearish condition, but with the appearance of a deviation between price movements and the Stochastic Oscillator indicator, it gives an indication that in the next few days there is a potential for a strengthening correction where 33,050 has the potential to be tested, but as long as the strengthening correction does not break through and close above the level of 34,387 and or the Upper line of the Bearish Pitchfork, Silver will potentially weaken again where the level of 30,304 will be tested again and if it is successfully penetrated and closes below it, Silver will continue its weakening back to the Middle Line of the Bearish Pitchfork and/or levels 27,866 and 26,541 as the next target if volatility and momentum support.

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