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16.02.202311:08 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Asset Commodity, Thursday February 16 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 16.02.2023 analysis

With the appearance of a deviation between the price movement of Silver and the Stochastic Oscillator indicator, in the next few days Silver has the potential to depreciate downwards to the level of 19,920 as the first target and if the momentum and volatility are sufficiently supportive then the level of 18,800 will be the second target. However, please pay attention when it is on its way to the target that has been previously described suddenly has an upward correction on this Silver instrument which has passed the level of 23,550 then all the downward scenarios described previously will become invalid and cancelled by itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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