Silver Price Analysis: 200-SMA challenges XAG/USD bears around $19.00
12.10.2022, 01:38

Silver Price Analysis: 200-SMA challenges XAG/USD bears around $19.00

  • Silver price pares intraday losses at the lowest level in one week.
  • Weekly resistance line, bearish MACD signals challenge recovery moves.
  • Oversold RSI, 61.8% Fibonacci retracement challenges immediate downside.

Silver price (XAG/USD) pauses the bearish momentum around a weekly low, following a three-day downtrend, as the 200-SMA joins nearly oversold RSI (14) to challenge bears. Even so, the quote struggles to defend the $19.00 threshold during Wednesday’s Asian session.

In doing so, the bright metal takes clues from the bearish MACD signals while also portraying the failure to cross a weekly descending trend line.

In addition to the 200-SMA level surrounding $19.00, the 61.8% Fibonacci retracement level of September-October upside, near $18.95, also challenges the XAG/USD bears.

If the commodity prices decline below $18.95, the odds of witnessing a slump toward a six-week-old support line near $18.20 can’t be ruled out.

Alternatively, recovery needs to cross the weekly resistance line, close to $19.50 at the latest, to convince the short-term silver buyers.

Even so, a one-month-old horizontal resistance area around $20.00 could challenge the XAG/USD upside.

Overall, the silver price may witness a corrective bounce but the bearish trend is likely to prevail.

Silver: Four-hour chart

Trend: Bearish

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik