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21.05.202506:25 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement Silver Commodity Instrument, Wednesday May 21, 2025.

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 21.05.2025 analysis

On the 4-hour chart, the Silver commodity instrument appears to be showing Convergence between the Silver commodity instrument price movement and the Stochastic Oscillator indicator, so that in the near future Silver has the potential to strengthen up to the 33,175 level as its main target and 33,596 as the next target. If the volatility and momentum of strengthening and volatility support it, but because the Stochastic Oscillator indicator is currently at the Overbought level (80) and is preparing to cross Sell, there is the potential for a weakening correction in the near future as well, but as long as it does not break through and close below level 31,615 then Silver remains in a strengthening bias.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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