FX.co ★ Analysis of Silver for November 21,.2022 - Potential for bigger rally on Silver

Technical analysis:

Silver is trading around key pivot level at 21 and I see potential for further upside continuation in next period.

Trading recommendation:

Due to the strong upside cycle in the background and key support around 21 mark, I see potential for further upside continuation.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at 21.20 and 22.00

Stochastic oscillator is showing bullish divergence and oversold condition, which is good sign for potential rally.

Key support is set at the price of $20.80-21$