In 1 hour chart Silver price continues to trade at 47242 and above the (Exponential Moving Average)EMA200 value of 47033.7 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above
However, if Silver continues to trade above level, that could be an extraordinarily Bullish sign for Silver
Even so, the 200-candle Exponential moving average (EMA) price range of 47033.7 is proving a tough nut to crack.
Pivot (invalidation): 47367