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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.

DateJune 18, 2022 - 08:53
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 19.750, resumption of uptrend is expected.
  • We make sure when the resistance at 24.000 breaks.
  • If the support at 19.750 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 20.890 on 06/14/2022, so more gains to resistance(s) 22.127, 22.995 and maximum to Major Resistance (24.000) 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 46.

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) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024