XAG/USD, D1

On the daily chart, the instrument was corrected to MA of Bollinger bands. Key support level is 14.30. The indicator is reversing downwards, and the price range has narrowed, which indicates a change in the current trend during the day. MACD is being corrected near the zero line. Stochastic left the oversold area, forming a buy signal.

XAG/USD, H4

On the 4-hour chart, the instrument broke the middle line of Bollinger bands and continued to grow. The indicator is reversing upwards, and the price range has widened, indicating a continuation of the upward trend. MACD histogram is near the zero line, the signal for opening positions is not formed. Stochastic is preparing to enter the overbought area, a sell signal can be formed during the day.

Key levels

Resistance levels: 14.39, 14.47, 14.55, 14.62, 14.73.

Support levels: 14.29, 14.22, 14.14, 14.06, 13.92.

Trading tips

Short positions can be opened from the level of 14.40 with the target at 14.20 and stop loss 14.47. Implementation period: 1 day.

Long positions can be opened above the level of 14.45 with the target at 14.65 and stop loss 14.36. Implementation period: 1–2 days.

Spot Silver

BuySellSpread
14.68614.62858

Scenario

TimeframeDay's Range
RecommendationsSELL LIMIT
Entry Point14.40
Take Profit14.20
Stop Loss14.47
Support levels13.92, 14.06, 14.14, 14.22, 14.29, 14.39, 14.47, 14.55, 14.62, 14.73

Alternative scenario

RecommendationsBUY STOP
Entry Point14.47
Take Profit14.65
Stop Loss14.36
Support levels13.92, 14.06, 14.14, 14.22, 14.29, 14.39, 14.47, 14.55, 14.62, 14.73
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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