Price Action

Thursday, November 16 2023
SILVER
03:26 pm (GMT +0200)
30 minutes Timeframe

Silver is currently trading between the key levels at 23.697 and 23.492.  A decisive movement to breach the swing level at 23.697 will generate a buy signal. If the momentum sustains, Silver will reach the immediate targets at 23.779 and 23.820.  A protective stop loss at 23.492 is highly recommended.

Should Silver manage to breach below the support at 23.492, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
23.779

direction
Target 2
23.820

direction
Target 3
23.902

direction
Target 4
24.005

entry
Entry
23.697
entry
Stop Loss
23.492

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
SILVER
03:26 pm (GMT +0200)
30 minutes Timeframe

Silver is currently trading between the key levels at 23.697 and 23.492.  A decisive movement to breach the swing level at 23.697 will generate a buy signal. If the momentum sustains, Silver will reach the immediate targets at 23.779 and 23.820.  A protective stop loss at 23.492 is highly recommended.

Should Silver manage to breach below the support at 23.492, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
23.779

direction
Target 2
23.820

direction
Target 3
23.902

direction
Target 4
24.005

entry
Entry
23.697
entry
Stop Loss
23.492

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction