| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since the beginning of October, the XAG/USD exchange rate has been trading within an ascending channel.
From a theoretical perspective, it is likely that the exchange rate could continue to appreciate within the predetermined channel in the medium term.
Meanwhile, note that silver could gain support from the 55-, 100– and 200-period moving averages in the 24.00 area. Thus, a breakout north could occur, and the price for silver could target the psychological level at 29.25.