Silver Came Into Today Up 0.66%

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.

XAGUSD

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.

XAGUSD

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📝

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