XAG/USD, D1
On the daily chart, instrument is trading between the lower border and the middle line of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, giving a signal to open short positions. Stochastic is in the neutral zone, its lines are pointed downwards.
XAG/USD, H4
On the 4-hour chart, instrument is going down along the lower border of Bollinger Bands, the price range is widen, which reflects the possibility of the downward trend development. MACD histogram is around the zero line, the signal line is ready to cross the zero line downwards, after which the signal to enter the market and open short positions will be received. Stochastic is reaching the oversold area; its lines are pointed downwards.
Key levels
Resistance levels: 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70.
Support levels: 16.35, 16.20, 16.13.
Trading tips
Short positions can be opened at the current level with the targets at 16.20, 16.13 and stop loss 16.65. Implementation period: 1–3 days.
Long positions can be opened at the level of 16.78 with the target at 17.00 and stop loss 16.65. Implementation period: 3–5 days.
Spot Silver
Buy Sell Spread
16.525 16.466 59
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 16.44
Take Profit 16.20, 16.13
Stop Loss 16.65
Support levels 16.13, 16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70
Alternative scenario
Recommendations BUY STOP
Entry Point 16.78
Take Profit 17.00
Stop Loss 16.65
Support levels 16.13, 16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70
On the daily chart, instrument is trading between the lower border and the middle line of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, giving a signal to open short positions. Stochastic is in the neutral zone, its lines are pointed downwards.
XAG/USD, H4
On the 4-hour chart, instrument is going down along the lower border of Bollinger Bands, the price range is widen, which reflects the possibility of the downward trend development. MACD histogram is around the zero line, the signal line is ready to cross the zero line downwards, after which the signal to enter the market and open short positions will be received. Stochastic is reaching the oversold area; its lines are pointed downwards.
Key levels
Resistance levels: 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70.
Support levels: 16.35, 16.20, 16.13.
Trading tips
Short positions can be opened at the current level with the targets at 16.20, 16.13 and stop loss 16.65. Implementation period: 1–3 days.
Long positions can be opened at the level of 16.78 with the target at 17.00 and stop loss 16.65. Implementation period: 3–5 days.
Spot Silver
Buy Sell Spread
16.525 16.466 59
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 16.44
Take Profit 16.20, 16.13
Stop Loss 16.65
Support levels 16.13, 16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70
Alternative scenario
Recommendations BUY STOP
Entry Point 16.78
Take Profit 17.00
Stop Loss 16.65
Support levels 16.13, 16.20, 16.35, 16.50, 16.65, 16.75, 16.90, 16.96, 17.10, 17.30, 17.50, 17.70