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Weekly forecast Silver technical chart
Symbol XAGUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 14, 2022 - 20:16
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 19.650, resumption of uptrend is expected.
  • We make sure when the resistance at 24.000 breaks.
  • If the support at 19.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 23.270 on 05/05/2022, so more losses to support(s) 20.436 and minimum to Major Support (19.650) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 29.

Supports and Resistances:

  1. 60.000
  2. 49.800
  3. 44.200
  4. 37.500
  5. 33.450
  6. 29.850
  7. 28.304
  8. 26.940
  9. 13.600
  10. 11.250
  11. 9.400
  12. 8.450
  13. 7.650
  14. 7.000
  15. 6.200
  16. 5.450
  17. 4.400
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) free Sat, 25 Jun 2022
Silver (XAGUSD) Sat, 18 Jun 2022
Silver (XAGUSD) Sat, 11 Jun 2022
Silver (XAGUSD) Sat, 4 Jun 2022
Silver (XAGUSD) Fri, 27 May 2022