03:26 pm (GMT +0200)Silver is currently trading between the key levels at 23.697 and 23.492. A decisive movement to surpass the swing level at 23.697 and the bullish momentum sustains, Silver will most likely reach the immediate resistance level at 23.779 and even higher at 23.820.
Price Action
Thursday, November 16 2023
03:26 pm (GMT +0200)
30 minutes Timeframe
If Silver fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
23.779
Target 2
23.820
Target 3
23.902
Target 4
24.005
Entry
23.697
Stop Loss
23.492
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
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 surpass the swing level at 23.697 and the bullish momentum sustains, Silver will most likely reach the immediate resistance level at 23.779 and even higher at 23.820.
If Silver fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
23.779
Target 2
23.820
Target 3
23.902
Target 4
24.005
Entry
23.697
Stop Loss
23.492
Trend Confirmation
Momentum
LWMA
MACD