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FX.co ★ Technical Analysis of the Daily Price Movement of Silver Commodity Assets Wednesday, November 23, 2022.

Technical Analysis of the Daily Price Movement of Silver Commodity Assets Wednesday, November 23, 2022.

Technical Analysis of the Daily Price Movement of Silver Commodity Assets Wednesday, November 23, 2022.

If we look at the daily chart of the Silver commodity asset, it can be seen that the Bullish Pitchfork Channel has formed where Silver's position is currently trying to test the Upper Pitchfork where the level to be tested is 22,190, but because of its failure to reach the upper line of the Pitchfork, which made the Hagopian Rules condition so that Silver is now is below the Pitchfork Middle Line coupled with the emergence of deviations between price movements and the CCI indicator, if Silver turns down to penetrate below the 19,375 level, it is very likely that the Bull scenario described previously will cancel itself.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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