XAG/USD: technical analysis

OANDA:XAGUSD   Silver / U.S. Dollar
29 0

On the daily chart , the instrument is testing the level of 16.40. The key support is the level of 16.50, the breakout of which will let silver grow to the range of 16.70–16.80. Bollinger Bands are pointed sideways, while the price range decreased, which reflects the change of the upward trend. The nearest strong resistance is the level of 16.27. MACD histogram is in the negative zone, keeping sell signal. Stochastic is reaching the oversold area, giving no signal to enter the market.


On the 4-hour chart, the instrument is trading in the lower part of Bollinger Bands . The indicator is pointed horizontally, as the price range stays the same, which reflects the development of the correction. MACD histogram is in the negative zone, its volumes insignificantly decreased, giving a weak sell signal. Stochastic does not give a clear signal to open the positions.

Key levels

Resistance levels: 16.40, 16.50, 16.72, 16.94, 17.15.

Support levels: 15.67, 15.84, 16.00, 16.28.

Trading tips

Short positions can be opened below the level of 16.27 with the target at 15.80 and stop loss 16.50. Implementation period: 1–2 days.

Long positions can be opened at the level of 16.53 with the target at 16.82 and stop loss 16.39. Implementation period: 1–3 days.

Spot Silver

Buy Sell Spread
16.505 16.45 55


Timeframe Day's Range
Recommendations SELL STOP
Entry Point 16.25
Take Profit 15.80
Stop Loss 16.50
Support levels 15.67, 15.84, 16.00, 16.28, 16.40, 16.50, 16.72, 16.94, 17.15

Alternative scenario

Recommendations BUY STOP
Entry Point 16.53
Take Profit 16.82
Stop Loss 16.39
Support levels 15.67, 15.84, 16.00, 16.28, 16.40, 16.50, 16.72, 16.94, 17.15
Register on LiteForex site and get more analysis
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out