XAG/USD, D1

On the daily chart, the instrument was corrected to the middle line of Bollinger bands. MACD histogram is in the negative region, the signal line crosses the zero line and the body of the histogram downwards, forming a signal for opening short positions. Stochastic has left the oversold zone and is in the neutral area, the oscillator lines are directed upwards.

XAG/USD, H4

On the 4-hour chart, the instrument grows along the upper border of Bollinger bands, the price range is widening. MACD histogram is in the positive region, the signal line crosses the zero line and the body of the histogram upwards, forming a signal to open long positions. Stochastic is on the border with the overbought zone, the oscillator lines are directed horizontally.

Key levels

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

Support levels: 14.36, 14.23, 14.15, 14.05, 13.99, 13.93, 13.88.

Trading tips

Long positions can be opened from the current level with the target at 14.90 and stop loss 14.10.

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

Implementation period: 3–5 days.

Spot Silver

BuySellSpread
14.67214.61557

Scenario

TimeframeWeekly
RecommendationsBUY
Entry Point14.41
Take Profit14.90
Stop Loss14.10
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

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
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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