XAG/USD, D1

On the daily chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the negative zone, keeping a confident signal for the opening of short positions. Stochastic leaves the oversold zone, the signal line is reversed upwards.

XAG/USD, H4

On the 4-hour chart, the instrument grows toward the upper border of Bollinger bands. MACD histogram is in the negative area, its volumes are reduced. Stochastic grows towards the border with the overbought zone, the oscillator lines point upwards.

Key Levels

Resistance levels: 15.45, 15.52, 15.60, 15.75, 15.90, 16.00.

Support levels: 15.35, 15.30, 15.21, 15.15.

Trading tips

Short positions can be opened from the current level with the target at 15.15 and stop loss 15.55. Implementation period: 1–3 days.

Long positions can be opened at the level of 15.60 with the target of 16.00. Stop loss is 15.45. Implementation period: 3–5 days.

Spot Silver

BuySellSpread
14.67914.6259

Scenario

TimeframeWeekly
RecommendationsSELL
Entry Point15.42
Take Profit15.15
Stop Loss15.55
Support levels15.15, 15.21, 15.30, 15.35, 15.45, 15.52, 15.60, 15.75, 15.90, 16.00

Alternative scenario

RecommendationsBUY STOP
Entry Point15.60
Take Profit16.00
Stop Loss15.45
Support levels15.15, 15.21, 15.30, 15.35, 15.45, 15.52, 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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