empty
 
 
31.03.2023 07:56 AM
Analysis of Silver for March 31,.2023 - Tight sideways range breakout

Technical analysis:

This image is no longer relevant

Silver has been trading sideways in the last 10 hours and I see potential for the downside breakout and downside correction to start.

Due to the breakout of the mini consolidation to the downside, I see potential for the further downside movement.

Downside objectives are set at 23.70 and 23.40

MACD is showing bearish divergence, which is good sign for the further downside movement.

Key Intraday resistance is set a the price of 23.90

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback