| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Silver has been appreciating against the US Dollar since the end of May after the XAG/USD exchange rate reversed north from the lower boundary of the long-term descending channel at 14.38.
Currently, the rate is testing the upper channel line at 15.45. From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future, and the rate could target the lower channel line. Note, that the price for silver has to surpass the support level—the Fibonacci 24.00% retracement at 14.74.
If the given channel does not hold, a breakout north could occur in the short term. In this case, the exchange rate could be pressured by the Fibonacci 50.00% retracement at 15.60.