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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trading suggestion:

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

DateSeptember 12, 2020 - 13:22
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 25.650, resumption of uptrend is expected.
  • We make sure when the resistance at 29.850 breaks.
  • If the support at 25.650 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.
  • While the RSI support #2 at 52 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 28.85 on 09/01/2020, so more losses to support(s) 26.20 and minimum to Major Support (25.65) 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 53.

Supports and Resistances:

  1. 18.95
  2. 18.20
  3. 17.50
  4. 16.50
  5. 15.85
  6. 15.50
  7. 13.60
  8. 12.05
  9. 11.25
  10. 9.40
  11. 8.45
  12. 7.65
  13. 7.00
  14. 6.20
  15. 5.45
  16. 4.40
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