| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The XAG/USD exchange rate has been trading within a symmetrical triangle pattern since the beginning of August.
From a theoretical point of view, it is likely that silver could continue to trade sideways against the US Dollar within the given pattern until the middle of October.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period moving averages. Thus, some downside potential could prevail in the market. Note that the rate could gain support from the Fibo 61.80% at 22.67.