| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
Silver has been appreciating gradually against the US Dollar since the pair reversed from the lower boundary of a long-term descending channel located circa 14.10.
As apparent on the chart, the pair has already tested the upper channel line at 14.70. From a theoretical point of view, a reversal south occurs within the following trading sessions. Potential downside target is the Fibonacci 0.00% retracement at 13.95.
However, technical indicators suggest that this move might not be immediate, and the pair could re-test the upper channel line. It is unlikely that a breakout north occurs, as Silver is being pressured by the 55-, 100– and 200-hour SMAs 14.65.