If we look at the 4-hour chart, it appears that the 50 MA is still above the 200 MA, where the Golden Cross intersection confirms that Buyers are still dominant, although there is potential for a weakening correction, which is indicated by the condition of the Stochastic Oscillator indicator which is already at the Overbought and middle level is preparing to fall below level 80 where if this happens then the Silver commodity asset has the potential to weaken down to level 30,777 but as long as this weakening correction does not broken below level 30,185 then Silver still has the potential to strengthen again to level 31,800 and if this level is successfully broken above, Silver has the opportunity to continue its strengthening up to the level of 32,154 as the main target and if the momentum and volatility support it, the level area of 32,696-33,285 will be the next target to be aimed at.
(Disclaimer)
