FX.co ★ Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday October 14, 2024.

If we look at the 4-hour chart of the Silver commodity asset, it appears that there is a deviation between the movement of the Silver price and the Stochastic Oscillator indicator, indicating a potential weakening that will occur in the near future in Silver where this commodity asset will try to test its closest support level, namely at 30.304. If this level is successfully broken and Silver successfully closes below that level, then Silver has the potential to continue its weakening to the level of 29.045 as its main target and if the momentum and volatility support it, then 27.930 will be the next target to be aimed for, but all of these scenarios will be invalid and automatically canceled if on its way to the target levels, Silver suddenly turns around and rises to break and close above the level of 33.146.

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