Silver - 4 Hourly

It seems like Silver has further potential to edge higher with the key resistance sitting at $23.52.

From a technical outlook, Silver is currently trading at around $23.29 an ounce. We can see there has been an upwards trend since the 16^th of March. Support is established below and momentum seems to be building for a potential break higher. Support sits firmly along the trendline at $23.06 and a break below this support could see the price test the further support level at $22.82. Towards the upside, resistance is sitting at $23.52 and a break and close above this level may see the price of Silver rise higher towards the $24 mark. There is a likelihood that a slight retracement may occur before a move higher as highlighted by the Elliot Wave (ABC). MACD is currently negative but turning neutral but RSI remains positive as it reads 59.