Technical Signs Suggest XAGUSD’s Uptrend May Be Stalling

The Hourly View for Silver

  • At the moment, XAGUSD’s price is up $0.02 (0.06%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 moment, XAGUSD’s price is up $0.17 (0.7%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 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 alert: Trend in XAGUSD’s price and its RSI are diverging. XAGUSD’s price is rising slower than its RSI.

Below is a daily price chart of Silver.

XAGUSD

Featured Silver Idea From TradingView

Below is a trading comment entitled Silver to Shine Again you may find interesting:

Traders Silver is under performing when it comes to precious metals. the previous fall completed a retest of previous big wave 4 so the current count up im considering impulsive that means more room for upside momentum.first target is 25.50 however if broken we can see easily higher numbers.the trendline is not what it takes to enter a trade but i like it in this scenario.

josephdahrieh