Silver Closed Yesterday Down -0.77%

The Hourly View for Silver

  • At the moment, XAGUSD’s price is down $-0.01 (-0.07%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Silver has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • The moving averages on the hourly 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.

Silver’s hourly price chart is shown below.

XAGUSD

The Daily View for Silver

  • At the time of this writing, XAGUSD’s price is down $-0.17 (-0.77%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • 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 long position in :📊 XAGUSD🔵 Long Now 22.05🧯 Stop loss 21.75🏹 Target 1 22.25🏹 Target 2 22.50🏹 Target 3 22.90We hope it is profitable for you ❤️Please support our activity with your likes👍 and comments📝

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