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Technical Analysis of Daily Price Movement of Silver Commodity Instrument, Thursday January 23, 2025.
00:15 2025-01-23 UTC--5

With the appearance of the Failing Wedge Pattern and Divergence between the movement of Silver prices with the Awesome Oscillator indicator and the presence of the Bullish 123 pattern followed by Ross Hook (RH) on its daily chart, it gives an indication that the strengthening momentum in Silver is still continuing, even so with the appearance of the Rising Wedge pattern also gives an indication of the possibility of a weakening correction, but as long as the weakening correction does not breaks and close below 28,710, the strengthening of Silver will continue where the level of 32,285 will be the goal to be achieved, even if the strengthening momentum and volatility support it, 32,212 will be the next goal.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.