XAG/USD, D1

On the daily chart, the instrument moves sideways within a corridor formed by the middle line and the upper border of Bollinger bands. MACD histogram is in the area of ​​the zero line, its volumes are minimal. The signal line is preparing to cross the zero line upwards, after which a signal to open long positions will be formed. Stochastic is in the neutral zone, the lines of the oscillator are directed upwards.

XAG/USD, H4

On the 4-hour chart, the instrument grows towards the upper border of Bollinger bands, the price range is expanded, which indicates a possible continuation of the upward movement. MACD histogram is in the positive zone, maintaining a strong signal to open long positions. Stochastic in the neutral zone, the signal line is reversing upwards.

Key levels

Resistance Levels: 14.77, 14.89, 14.97, 15.09, 15.23, 15.49, 15.59, 15.65.

Support levels: 14.67, 14.49, 14.44, 14.32, 14.22, 14.15, 14.05, 13.99.

Trading tips

Long positions can be opened from the current level with the target at 14.97 and stop loss 14.49.

Short positions can be opened from the level of 14.30 with the target of 13.93. Stop loss is 14.49.

Implementation period: 3–5 days.

Spot Silver

BuySellSpread
14.35114.29259

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point14.72
Take Profit14.97
Stop Loss14.49
Support levels13.99, 14.05, 14.15, 14.22, 14.32, 14.44, 14.49, 14.67, 14.77, 14.89, 14.97, 15.09, 15.23, 15.49, 15.59, 15.65

Alternative scenario

RecommendationsSELL STOP
Entry Point14.30
Take Profit13.93
Stop Loss14.49
Support levels13.99, 14.05, 14.15, 14.22, 14.32, 14.44, 14.49, 14.67, 14.77, 14.89, 14.97, 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.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback