| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Silver has been appreciating against the US Dollar within a rising wedge pattern since the end of March.
From a theoretical point of view, it is likely that a breakout south could occur in the nearest future. In this case the XAG/USD exchange rate could re-test the psychological level at 12.00. Note that the rate also could gain support from the monthly S1 at 11.23.
On the other hand, note that silver is supported by the 55-, 100– and 200-hour SMAs in the 14.80/15.40 area. Thus, some upside potential could continue to prevail in the market. In this case the rate would have to surpass the Fibos 50.00% and 61.80%, located at 16.38 and 17.41 respectively.