FX.co - Analysis of Silver for September 21,.2022 - Potential for the breakout of the bigger triangle

2022-09-21T07:11:27

Relevance until2022-09-22

Technical analysis:

Analysis of Silver for September 21,.2022 - Potential for the breakout of the bigger triangle

Silver has been trading sideways at the price of $19.38 but I see potential for the downside movement in case of the downside breakout.

Trading recommendation:

Watch for potential downside breakout of the support at 19.20 to confirm further downside movement.

Downside objectives are set at the price of $18.77 and $18.55

Key resistance is set at the price of $19.64

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Silver for September 21,.2022 - Potential for the breakout of the bigger triangle