Silver (XAG/USD) is one of the additional protective assets also used for risk diversification. Compared to gold, it has higher volatility, making it more suitable for scalping and channel intraday strategies. On a long-term interval, it correlates with gold and the NZD/USD pair, and on a short-term time frame with GBP/CAD and GBP/NZD pairs.
Traders Union offers daily XAG/USD analysis and signals provided by our analyst Anton Kharitonov. Additionally, on this page, you can access indicator-based weekly and monthly price forecasts, as well as an XAG/USD online Forex chart to keep track of the current trend.
Disclaimer:
This article does not contain recommendations for buying or selling commodities. The XAG/USD forecast and signals are made on the basis of independent assessments as of the moment. Please consider the risks when making an investment decision.
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Live XAG/USD priceSilver to US Dollar
Traders Union offers daily XAG/USD analysis and signals, presented by the leading Forex analyst Anton Kharitonov, as well as other experienced analysts. The XAG/USD analysis is based on a combination of current fundamental data, news, and technical analysis, providing traders and investors with valuable and well-informed insights.
XAG/USD indicator-based signals are prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out XAG/USD signals.
NOTE!
Signals may differ on different timeframes. If you want to hold the XAG/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
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The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.
Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.
Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.
Expert opinions and consensus forecast.
NOTE!
This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Silver has relatively high volatility. Therefore, on timeframes ranging from H1 to H4, price movements can go in both directions.
The spread is floating and depends on trading conditions and the broker's markup, as well as current liquidity and volatility. During unexpected news releases causing a sudden imbalance toward buyers or sellers, the spread can widen.
Channel strategies involving trades executed upon rebounds from channel boundaries, trading with Fibonacci levels, fundamental analysis, and scalping.
Both fundamental tools and technical indicators in conjunction with chart analysis work well for trading silver.
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
