XAG/USD, D1

On the D1 chart there is a downward movement correction; the instrument demonstrates sideways movement within the corridor formed by the center and lower lines of Bollinger Bands. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral zone, and the signal line of the oscillator is reversing downwards.

XAG/USD, H4

On the H4 chart the instrument is growing in the direction of the upper line of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. Stochastic is on the border with the overbought zone, the oscillator lines are directed horizontally.

Key levels

Resistance levels: 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65.

Support levels: 14.86, 14.77, 14.67, 14.44, 14.32.

Trading tips

According to technical indicators, short positions could be opened from the current level with target at 14.44 and stop loss at 14.92. Implementation period: 1-3 days.

Long positions may be opened from 15.00 with target at 15.50. Stop loss — 14.70. Implementation period: 3-5 days.

Spot Silver

BuySellSpread
14.48214.347135

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point14.76
Take Profit14.44
Stop Loss14.92
Support levels14.32, 14.44, 14.67, 14.77, 14.86, 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65

Alternative scenario

RecommendationsBUY STOP
Entry Point15.00
Take Profit15.50
Stop Loss14.70
Support levels14.32, 14.44, 14.67, 14.77, 14.86, 14.86, 14.94, 15.09, 15.23, 15.49, 15.59, 15.65
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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