Silver on the daily chart has been moving southwards after hitting peak of $17.77 in May 2014, mainly due to the Fed decision on the rate hike. At this juncture, prices have formed a doji candlestick pattern above its previous low of $15.55, along with hidden divergence in RSI momentum oscillator on the daily chart. A hidden divergence occurs when prices oscillator makes a new low, whereas prices refrain from making a new low and instead find support above its previous support to head higher again. Going forward, if prices sustain above $16.05, then it is likely to head higher towards $19.