Silver (XAG/USD): will we see further weakness?

Silver (XAG/USD): will we see further weakness?

Silver has been trading around the 200 SMA, where the bears could take advantage of the broad-based weakness seen during the last few weeks. However, XAG/USD is targeting the Fibonacci area of 50% at 16.69, at which we can expect further pullbacks in order to resume the overall bearish bias. If that happens, then the focus will switch towards the 15.73 level, where is located the Fibonacci zone of -23.6%.

RSI indicator stays in the positive territory, calling for another leg higher.




Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera