Silver Spot was identified at around 32.265 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 32.6824 level.
Silver Spot is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 6 days.
