Summary of Silver Technical Analysis for October 24, 2022 by FXEmpire

00:00:00 - 00:00:00

The author discusses silver's price movement over the past few trading sessions and notes that if silver can break down below its key support level at $18 per ounce, it could further decline. However, the author also believes that rallies can be short-lived, and that it is still too early to tell if silver will reach its potential downside at $16 or $18 per ounce.

• 00:00:00 The author discusses silver's price movement over the past few trading sessions, noting that although there may not be any real reason for the bank of Japan to sell dollars, the market's reaction is simply due to the Japanese currency being overvalued. He notes that if silver can break down below its key support level at $18 per ounce, it could further decline. However, the author also believes that rallies can be short-lived, and that it is still too early to tell if silver will reach its potential downside at $16 or $18 per ounce.