XAG/USD, D1

On the D1 chart, the instrument corrected to the center line of Bollinger Bands; the pair shows lateral movement in the corridor formed by the boundaries of the indicator. MACD histogram is at the zero level, its volumes are minimal, and the signal line is moving horizontally. Stochastic is in the neutral zone, and the signal line of the oscillator is directed horizontally.

XAG/USD, H4

On the H4 chart, the instrument returned to growth after a downward correction, the pair is trading between the bottom and center lines of Bollinger Bands, the price range is expanded. MACD histogram is in the negative zone, its volumes are minimal, and the signal line is directed downwards. Stochastic is on the border of the neutral zone with the oversold zone, the oscillator lines are reversing upwards.

Support and resistance

Resistance levels: 14.59, 14.69, 14.77, 14.81, 14.90.

Support levels: 14.45, 14.36, 14.22, 14.15, 14.05, 13.99, 13.92.

Trading tips

Long positions may be opened from the current level with targets at 14.90 and stop loss at 14.36.

Short positions may be opened from the level of 14.22 with target at 13.92. Stop loss — 14.36.

Implementation period: 3-5 days.

Spot Silver

BuySellSpread
14.40314.34360

Scenario

TimeframeWeekly
RecommendationsBUY
Entry Point14.60
Take Profit14.90
Stop Loss14.36
Support levels13.92, 13.99, 14.05, 14.15, 14.22, 14.36, 14.45, 14.59, 14.69, 14.77, 14.81, 14.90

Alternative scenario

RecommendationsSELL STOP
Entry Point14.22
Take Profit13.92
Stop Loss14.36
Support levels13.92, 13.99, 14.05, 14.15, 14.22, 14.36, 14.45, 14.59, 14.69, 14.77, 14.81, 14.90
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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