The Hourly View for Silver
- At the time of this writing, XAGUSD’s price is down $-0.03 (-0.15%) from the hour prior.
- Silver has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
- Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
- The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Silver’s hourly price chart is shown below.
The Daily View for Silver
- At the time of this writing, XAGUSD’s price is up $0.15 (0.66%) from the day prior.
- This move is a reversal from the day prior, which saw price move down.
- Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
- Of note is that the 20 day changed directions on XAGUSD; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between XAGUSD’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XAGUSD’s price.
Below is a daily price chart of Silver.
Featured Silver Idea From TradingView
Below is a trading comment entitled Trading opportunity for XAGUSD – Silver you may find interesting:
Based on technical factors there is a short position in :📊 XAGUSD Silver🔴 Short Now 22.22🧯 Stop loss 22.55🏹 Target 1 21.88🏹 Target 2 21.30We hope it is profitable for you ❤️Please support our activity with your likes👍 and comments📝
— NamchaTa