“Trading involves a high risk to the invested capital. Understand all risks before investing”
CFI Palestine doesn’t deal with virtual assets or crypto currencies.
CFI Palestine is regulated by Palestine Capital Market Authority license number (PCMA/CFI/562776930)
XAGUSD, Time frame: 4 HXAG/USD has traded within a clear ascending channel since early August, with a consistent pattern of higher highs and higher lows. Recent price action has moved back and broken the trendline, bringing trend support into focus.
Price Moves Below the Mid-Band
After reaching highs near $67.00, Silver has eased lower and is now trading around $64.30. Price has slipped below the 20-period SMA/Bollinger mid-band at $65.05, indicating that upward momentum has moderated following the recent rally.
Lower Bollinger Band Comes Into Focus
The Bollinger Bands suggest a shift from expansion to consolidation:
Upper Band: $66.42
Mid-Band (20 SMA): $65.05
Lower Band: $63.66
Price is currently moving toward the lower half of the Bollinger range, with the lower band now acting as the nearest technical reference point.
RSI Returns to Neutral Territory
The RSI has declined from near-overbought readings above 70 to approximately 50. This reflects a cooling in momentum rather than a clear directional signal, with the indicator now sitting near its equilibrium level.
Key Levels Remain Well Defined
The market is currently positioned between notable support and resistance zones:
Support
$63.66 (Lower Bollinger Band)
$62.80 (Previous support zone)
$60.77 (Major support area)
Resistance
$65.05 (20-SMA / Bollinger mid-band)
$66.42 (Upper Bollinger Band)
$67.00 (Recent high)
Disclaimer: The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.
-1786351521.webp)
-1786101287.webp)
-1724934015.webp)
