XAG/USD, D1

On the D1 chart, the instrument broke through the upper border of Bollinger Bands slowing down the growth. The price range is widened indicating possible continuation of the upward trend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is crossing the border with the overbought zone, forming a signal to open short positions.

XAG/USD, H4

On the H4 chart, the instrument is growing along the upper border of Bollinger Bands, and the price range is widened. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic shows lateral movement in the neutral zone.

Key levels

Resistance levels: 16.07, 16.20, 16.48, 16.72, 17.31.

Support levels: 15.95, 15.84, 15.64, 15.57, 15.40, 15.21, 15.15.

Trading tips

Long positions may be opened from the current level with target at 16.48 and stop loss at 15.85.

Short positions may be opened from the level of 15.55 with target at 15.15. Stop loss — 15.80.

Implementation period: 2-3 days.

Spot Silver

BuySellSpread
15.47315.40865

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point16.03
Take Profit16.48
Stop Loss15.85
Support levels15.15, 15.21, 15.40, 15.57, 15.64, 15.84, 15.95, 16.07, 16.20, 16.48, 16.72, 17.31

Alternative scenario

RecommendationsSELL STOP
Entry Point15.55
Take Profit15.15
Stop Loss15.80
Support levels15.15, 15.21, 15.40, 15.57, 15.64, 15.84, 15.95, 16.07, 16.20, 16.48, 16.72, 17.31
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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