| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Silver has been depreciating against the US Dollar since the beginning of February. This movement has been bounded in the falling wedge pattern.
From a theoretical point of view, it is likely, that a breakout north has to occur within the following trading sessions. In this case, the XAG/USD exchange rate could target the resistance level—the Fibonacci 50.00% retracement at 15.60.
However, the rate has to surpass the 200-hour SMA, currently located at 15.10. If the given resistance holds, it is likely, that the rate breaches the given pattern south.