Yesterday, silver gained 0.41%. The price has returned above the balance indicator line, and the Marlin oscillator, which is close to moving into the territory of an upward trend, may soon join the growth.
A repeated breakout above the resistance level of 38.258 may prove more successful than the hesitant attempts on August 7 and 8 — opening the way toward the target of 39.890.
A look at the four-hour chart reveals the reason for the bears' weakness — they failed to break through the support of the MACD line for two consecutive days. Now, the bulls have taken the initiative. The Marlin oscillator will soon move into positive territory, helping the price to extend its advance.
