Very impressive increase today for the medium indicator.
Not as impressive for the short term.
Neither are overbought or oversold. For the bulls, it is good that this low in the medium term is above the December 2011 low.
Silver is trying to find support at a long term trendline and its 500 day simple moving average. The comeback today allowed it to hang on to both. Gold is also on a long term ascending trendline from 2009.