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On the 4-hour chart, the Silver commodity instrument is visible even though its condition is strengthening where this is confirmed by the movement of the Silver price which is moving above the WMA (30 Shift 2) which also has an upward slope, but with the appearance of Divergence between its price movement and the Stochastic Oscillator indicator, it gives an indication of a strong potential for Silver to weaken down to the level of 31,906 but as long as the decline and weakening are not lower and close below the level of 31,505 then this weakening is just a correction and will actually bring Silver to strengthen up to the level of 34,332 and if the volatility and momentum of the strengthening support it will go to 34,826.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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