Silver analysis for 12.09.2023
Silver's recent behavior highlights a potential volatility squeeze as indicated by the tightened Bollinger Bands. Typically, this contraction could precede a significant price movement. Concurrently, the RSI's ascent from near-oversold levels (around 30) to a neutral stance (around 50) suggests a shift in momentum from bearish to neutral. Together, these indicators hint at a possible upcoming price direction change, though the direction remains uncertain. • There is a resistance level at...