| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Silver has been appreciating against the US Dollar after the exchange rate reversed from the Fibonacci 0.00% retracement at 13.95 at the middle of November. This movement has been bounded in the ascending channel.
The pair has already reached the upper channel line located at the 18.76 mark. Form a theoretical point of view, it is expected that the rate targets the lower channel line located in the 14.60/14.70 range within following trading sessions.
However, this decline might not be immediate as the rate is being supported by the 55-, 100– and 200-hour SMAs, thus, it is likely that the rate re-test the upper channel line located circa 15.95 in the nearest future.