| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
Silver has been depreciating against the US Dollar since the middle of March. This movement has been bounded in the descending channel.
Currently, the XAG/USD exchange rate is testing the lower channel line located circa the 14.40 mark. From a theoretical point of view, a reversal north should occur in the nearest future, and the rate should target the upper channel boundary located circa 14.80.
However, note, that the exchange rate is pressured by the 55-hour moving average at 14.47. Thus, if the given channel does not hold, a breakout south could occur in the short term. A possible downside target is the monthly S3 at 14.11.