Although on the 4-hour chart, the Silver commodity instrument is seen moving in a Bullish condition where this is indicated by its price movement moving above the EMA (21) and within its daily Bullish Pitchfork Channel, however, with the appearance of the Rising Wedge pattern and Divergence between the Silver price movement and the Awesome Oscillator indicator, it gives an indication of the potential for a weakening correction, but as long as the correction does not breaks and close below the level of 32,715, it will actually be an indication of the strengthening momentum that will occur next where Silver will strengthen again to the level of 34,180 as its main target and if the strengthening momentum and volatility support it, 35,838 will be the next target to be aimed for.
(Disclaimer)
