| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Silver has been appreciating gradually against the US Dollar since the pair reversed from the Fibonacci 0.00% retracement at 13.95. This movement has been bounded in the short-term ascending channel.
Currently, the price for Silver is re-testing the resistance level formed by the weekly PP at 14.70. If given resistance holds, it is likely that bearish momentum prevails in the nearest future. Potential downside target is the lower channel line located circa 14.30. Important support level to look out for is a combination of the weekly S1 and the monthly PP at 14.35. However, technical indicators for the short run suggest bullish scenario.
If given channel does not hold, a breakout north might occur within the nearest future, and the pair targets the Fibonacci 38.20% retracement at 15.21.