FX.co ★ Technical Analysis of Intraday Price Movement of Silver Commodity Asset,Wednesday, March 06 2024.

If we look at the 4-hour chart of the Silver commodity asset, it can be seen that this commodity asset is being corrected down from its strengthening, where Silver is trying to test the level of the Bullish Fair Value Gap area in the range of level 23,269. If this area level functions as a fairly good support level, then Silver is in In the near future it will strengthen again to level 24,175, but if on its way to that level Silver does not show signs of strengthening but continues to weaken, especially if it manages to breaks below level 22,970 then it is very likely that Silver will continue to weaken downwards.

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