| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since the end of September, the XAG/USD exchange rate has been trading within an ascending channel.
From a theoretical point of view, it is likely that silver could continue to appreciate against the US Dollar within the predetermined channel. A possible upside target is the psychological level at 29.25.
Meanwhile, note that the exchange rate is pressured by the 200-period moving average near 25.30. Thus, a breakout south could occur, and the price for silver could target the Fibo 50.00% at 20.63.