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Weekly forecast Silver technical chart
Symbol XAGUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (25.506 to 25.900). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (25.506)
  • Ending of entry zone (25.900)

DateMarch 30, 2024 - 16:10
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 25.900, beginning of downtrend is expected.
  • We make sure when the support at 21.913 breaks.
  • If the resistance at 25.900 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 24.305 on 03/27/2024, so more gains to resistance(s) 25.217, 25.506 and maximum to Major Resistance (25.900) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 59.

Take Profits:

  1. 25.217
  2. 24.582
  3. 24.075
  4. 23.500
  5. 22.806
  6. 22.413
  7. 21.913
  8. 11.250
  9. 9.400
  10. 8.450
  11. 7.650
  12. 7.000
  13. 6.200
  14. 5.450
  15. 4.400
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 20 Jul 2024
Silver (XAGUSD) Sat, 13 Jul 2024
Silver (XAGUSD) free Sat, 6 Jul 2024
Silver (XAGUSD) Sat, 29 Jun 2024
Silver (XAGUSD) Sat, 22 Jun 2024