On the 4-hour chart, the Silver commodity instrument appears to be showing Convergence between the Silver commodity instrument price movement and the Stochastic Oscillator indicator, so that in the near future Silver has the potential to strengthen up to the 33,175 level as its main target and 33,596 as the next target. If the volatility and momentum of strengthening and volatility support it, but because the Stochastic Oscillator indicator is currently at the Overbought level (80) and is preparing to cross Sell, there is the potential for a weakening correction in the near future as well, but as long as it does not break through and close below level 31,615 then Silver remains in a strengthening bias.
(Disclaimer)
