11.02.202510:32 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Silver Commodity Instrument, Tuesday February 11, 2025.

From what is seen on the 4-hour chart, the Silver commodity instrument appears to have a Bullish 123 pattern followed by a Bullish Ross Hook (RH) where all of this means that Silver is strengthening, but even though the Silver price movement is still in a strengthening condition, the appearance of a divergence between the price movement and the Stochastic Oscillator indicator and the appearance of the Bearish 123 pattern gives an indication and the Ascending Broadening Wedge pattern gives an indication that in the near future there is a potential for weakening that will occur in the commodity instrument where as long as there is no further strengthening that breaks through and closes above the level of 32.576, Silver will fall to the level of 31.584 if this level is successfully broken and closes below it, Silver will continue its weakening to the level of 31.164

(Disclaimer)