Silver Mini Expected Movement 2022.(Future Forecast Of Silver Mini Futures)

Hello Everyone. Hope you all are doing good!

Today we will discussing about the expected movement in Silver Mini Futures.

So, If we will look at the chart, we can see that Silver has started depreciating from the level 62,200 to 55,000 level, falling from 6 weeks straight. However we can say there is a strong bearish level from 68,000 but it has hold on for sometime at 62,000. So, coming to current level of silver, it has started a trend reversal from 55,200 level i.e S1.

Now coming to the other parameters like RSI, Stochastic RSI & MACD, we can observe that they are also indicating an upward movement in Silver.

RSI is at 39.36 level and is indicating an upward movement. Stochastic RSI has made a curve at 1.8860 and now moving upwards giving a signal for uptrend too. And in MACD, there is a signal for crossover which is also indicating towards a trend reversal.

Keeping all the parameters in mind and observing the candle movement, we can hopefully predict for an upward direction movement in Silver upto 60,000 for sure.

Silver is likely to touch 60,000 level i.e. R1 and if it breaks R1 level then it can probably touch R2 i.e. 63,200 level. Now the question is - Will it really touch 63,000 level ?

Well, the answer to this question is if Silver will not be able to cross 60,000 level then it can bounce back again to 56,000 level making a double bottom at the same level.

Hope you like this article. Do write to us, if you have any querries.

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Have a nice day!

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