XAG/USD, D1

On the D1 chart, the instrument is trading between the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area and its volume is minimal. Stochastic is near the oversold area, the signal lines are reversing down.

XAG/USD, H4

On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line moves horizontally, along the zero mark. Stochastic is in the neutral zone, and the signal line of the oscillator is directed upwards.

Key levels

Support levels: 16.35, 16.27, 16.20, 16.10, 16.00.

Resistance levels: 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00.

Trading tips

According to technical indicators, short positions could be opened from the current level with the target at 16.00 and stop-loss at 16.50.

Long positions may be opened from the level of 16.60 with the target at 17.10 and stop-loss at 16.20.

Implementation period: 3-5 days.

Spot Silver

BuySellSpread
15.48715.42760

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point16.32
Take Profit16.00
Stop Loss16.50
Support levels16.00, 16.10, 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00

Alternative scenario

RecommendationsBUY STOP
Entry Point16.60
Take Profit17.10
Stop Loss16.20
Support levels16.00, 16.10, 16.20, 16.27, 16.35, 16.41, 16.50, 16.60, 16.67, 16.80, 16.90, 17.00
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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