| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
Silver has been depreciating against the US Dollar since the end of February after the XAG/USD exchange rate failed to surpass the 19.00 level. As apparent on the chart, the rate has already surpassed the Fibo 38.20% at 16.56.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 17.00 area. Thus, some downside potential could prevail in the market.
However, the price for silver has to surpass the support level formed by the Fibo 23.60% at 15.56. If the given level does not hold, it is likely that a reversal north could occur.