| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Due to noticing the demand for silver on the Swiss Foreign Exchange, the Dukascopy Analytics team decided upon reviewing the metal's chart. In general the pair seems to be more affected by Fibonacci retracement levels than any large scale patterns.
The pair is doing a rebound against the 23.60% Fibonacci retracement level, which is located at the 16.62 mark. The next target for the commodity price is the weekly R1, which is located at the 17.19 mark.
Meanwhile, it has to be mentioned that the metal is highly volatile, making risk management rather complicated.