XAG/USD, D1

On the daily chart, the instrument is moving within the range, formed by the borders of Bollinger Bands. MACD histogram is in the positive zone, its volumes are minimal. Stochastic is ready to cross the oversold area border downwards, after which the entry signal with long positions opening will be received.

XAG/USD, H4

On the daily chart, the upward movement is in the correction, the instrument is trading around the middle line of Bollinger Bands, and the price range is widened, which can reflect the soon decreasing of the price. MACD histogram is in the negative zone, the signal line crosses the histogram’s body downwards, giving a signal to open short positions. Stochastic is in the neutral zone, giving no clear signal.

Key levels

Resistance levels: 16.90, 17.10, 17.30, 17.50, 17.70.

Support levels: 16.75, 16.65, 16.50, 16.35, 16.20.

Trading tips

Short positions can be opened at the level of 16.75 with the target at 16.20 and stop loss 17.10. Implementation period: 1–3 days.

Long positions can be opened at the level of 17.15 with the target at 17.65 and stop loss 16.85. Implementation period: 3–5 days.

Spot Silver

BuySellSpread
15.04514.95887

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point16.75
Take Profit16.20
Stop Loss17.10
Support levels16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 17.10, 17.30, 17.50, 17.70

Alternative scenario

RecommendationsBUY STOP
Entry Point17.15
Take Profit17.65
Stop Loss16.85
Support levels16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 17.10, 17.30, 17.50, 17.70
XAG/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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