| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
Silver has been appreciating against the Us Dollar since the beginning of December. This movement has been bounded within the medium-term ascending channel.
Currently, the XAG/USD exchange rate is testing the lower channel line. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. Also, if the given channel holds, it is likely that some upside potential could prevail in the market in the medium term.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages. Thus, a breakout south could occur in the nearest future. A possible downside target is the Fibonacci 38.20% retracement at 16.56.