XAG/USD, D1

On the daily chart, the instrument is traded between the upper border and the middle line of Bollinger bands. MACD histogram is in the zero line area, keeping the minimum volume, the signal line is directed horizontally. Stochastic is in the neutral zone, the oscillator lines are directed upwards.

XAG/USD, H4

On the 4-hour chart, the instrument drops toward the midline of Bollinger bands. MACD histogram is in the positive area, keeping a signal to open long positions. Stochastic crossed the border of the overbought area downwards.

Key Levels

Resistance levels: 16.60, 16.67, 16.80, 16.90, 17.00, 17.10.

Support levels: 16.50, 16.41, 16.35, 16.27, 16.20, 16.10, 16.00.

Trading tips

Short positions can be opened from the current level with the target at 16.27 and stop loss 16.67.

Long positions can be opened from the level of 16.70 with the target at 17.10 and stop loss 16.50.

Implementation period: 3–5 days.

Spot Silver

BuySellSpread
14.44914.3959

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point16.57
Take Profit16.27
Stop Loss16.67
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, 17.10

Alternative scenario

RecommendationsBUY STOP
Entry Point16.70
Take Profit17.10
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, 17.10
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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