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The "drift" of silver before the FOMC meeting was a success. What now?

04 August 2022 399
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The "drift" of silver before the FOMC meeting on July 27 was a success, especially with an increase of 3.2% 24 hours before the meeting and its continuation for 8 hours after the meeting.


* The time zone of the chart is GMT + 2

Today, the metal is trading closer to the upper limit of the 18.5 - 20.5 range.

The confirmed doji star has not yet been able to change the direction of price movement, but now DeMarker's entry into the overbought zone has also been added. This increases the probability of silver falling to 19.5, and possibly to 18.5.

This content is for informational purposes only and is not intended to be investing advice.

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