XAG/USD, D1

On the daily chart, the downward movement is in the correction, the instrument grows towards the middle line of Bollinger bands. MACD histogram is in the negative region, keeping the signal to open short positions. Stochastic is in the oversold zone, the oscillator lines are reversing upwards.

XAG/USD, H4

On the 4-hour chart, there is also an upward correction, the instrument is trading near the upper border of Bollinger bands. MACD histogram is in the negative area, gradually reducing volumes, and keeps a signal to open short positions. Stochastic is on the border with the overbought zone, the oscillator lines are directed horizontally.

Key levels

Resistance levels: 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90.

Support levels: 14.15, 14.05, 13.99, 13.93, 13.88.

Trading tips

Short positions can be opened from the level of 14.05 with the target at 13.88 and stop loss 14.15.

Long positions can be opened from the level of 14.23 with the target at 14.45. Stop loss is 14.15.

Implementation period: 2–3 days.

Spot Silver

BuySellSpread
14.64114.508133

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point14.05
Take Profit13.88
Stop Loss14.15
Support levels13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 14.90

Alternative scenario

RecommendationsBUY STOP
Entry Point14.23
Take Profit14.45
Stop Loss14.15
Support levels13.88, 13.93, 13.99, 14.05, 14.15, 14.23, 14.36, 14.45, 14.59, 14.70, 14.77, 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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