FX.co ★ Analysis of Silver for September 27,.2022 - Potential for the downsdie continuation towards $18.00

Technical analysis:

Silver has been trading upside during the Asia session and the price tested the level of $18.75. Anyway, I see potential for the downside movement due to strong downside cycle.

Trading recommendation:

Due to the strong downside momentum in the background, I see potential for further downside movement.

Watch for the potential selling opportunities in case of the breakout of the mini upside channel.

Downside objective is set at the price of $18.00.

Oscillator is showing overbought condition and fresh bear cross, which is good sign for further downside movement.

Resistance is set at the price of $19.00