On the D1 chart, the instrument is trading between the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area and its volume is minimal. Stochastic is near the oversold area, the signal lines are reversing down.
XAG/USD, H4
On the H4 chart, the instrument demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line moves horizontally, along the zero mark. Stochastic is in the neutral zone, and the signal line of the oscillator is directed upwards.
Key levels
Support levels: 16.35, 16.27, 16.20, 16.10, 16.00.