| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
Silver has been depreciating against the US Dollar since the beginning of February when the pair reversed from the upper boundary of the long-term ascending channel at 16.16.
Currently, the exchange rate is testing the Fibonacci 50.00% retracement at 15.60. If given support level does not hold, it is likely that the pair continues to decline. A possible downside target is the lower channel line located circa 14.90.
Otherwise, it is expected that a reversal north occurs within following trading sessions. It is likely that the rate re-tests the upper trend boundary located in the 16.30/16.40 range.