If we look at the 24,075-24,232 area level on the daily chart of commodity assets, Silver seems to function as a quite strong and significant resistance area because it is difficult for Silver to penetrate upwards where failure to penetrate above that level area creates Hagopian Rules conditions for this commodity asset that is in the channel. Bullish Pitchfork so that in the next few days Silver has the potential to fall corrected down to the level of the 22,010 - 21,400 area unless on the way down it suddenly Silver starts to rally again up significantly to break above the 24,485 level then the downside correction scenario described just now will become null and cancel by itself.
Relevance up to 02:00 2023-01-22 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
