| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The XAG/USD exchange rate has been trading sideways between the Fibonacci 38.20% and the 50.00% retracements, located at 16.56 and 17.36 respectively.
Note that silver is pressured by the 55– and 100-hour moving averages, currently located circa 19.85. Therefore, it is likely that some downside potential could prevail in the market. In this case the rate could target the Fibonacci 23.60% retracement at 15.56.
However, if the Fibonacci 38.20% retracement holds, it is likely that silver could continue to consolidate against the US Dollar in the medium term. Also, it is unlikely that bulls could prevail, and the exchange rate could exceed the Fibonacci 61.80% retracement at 18.17.