XAG/USD, D1

On the daily chart, the downward trend is still in effect, the instrument falls along the lower border of Bollinger bands. MACD histogram is in the negative zone, the signal line crosses the histogram body downwards, signaling the opening of short orders. Stochastic is on the border with the oversold zone, the oscillator lines are directed upwards.

XAG/USD, H4

On the 4-hour chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram in the negative area, keeping the signal to open short positions. Stochastic is on the border with the oversold zone, the signal line of the oscillator is directed horizontally.

Key Levels

Resistance levels: 15.30, 15.45, 15.60, 15.75, 15.90, 16.00.

Support levels: 15.20, 15.08, 14.50, 14.35.

Trading tips

Short positions can be opened from the current level with the target at 15.08 and stop loss 15.45.

Long positions can be opened at the level 15.60 with the aim of 16.00. Stop loss at the level of 15.45.

Implementation period: 1–3 days.

Spot Silver

BuySellSpread
14.64114.508133

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point15.39
Take Profit15.08
Stop Loss15.45
Support levels14.35, 14.50, 15.08, 15.20, 15.30, 15.45, 15.60, 15.75, 15.90, 16.00

Alternative scenario

RecommendationsBUY STOP
Entry Point15.60
Take Profit16.00
Stop Loss15.45
Support levels14.35, 14.50, 15.08, 15.20, 15.30, 15.45, 15.60, 15.75, 15.90, 16.00
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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