| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The XAG/USD exchange rate jumped to the 25.60 level. However, the rate failed to exceed the given level and reversed south.
Given that the exchange rate is trading far above the 55-, 100– and 200-period moving averages, it is likely that silver in the overbought area. Thus, it is likely that some downside potential could prevail. In this case rate could gain support from the Fibo 61.80% at 17.20.
Meanwhile, note that the rate would have to surpass the Fibo 23.60% at 22.40. If the given level holds, it is likely that the price for silver could consolidate.