Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Silver Price Analysis: XAG/USD eyes the ceiling of rising channel at $24.20
Abstract：Spot silver (XAG/USD) prices have remained in the upward trajectory after attracting significant bids from Tuesdays low at $23.09. The XAG/USD pair is trading in a narrow range of $23.78-$23.92 on Friday.
XAG/USD is likely to tap the ceiling of the rising channel at $24.20.
Bulls are hopeful around $23.92 for further upside.
The RSI (14) above 60.00 is indicating that bulls may remain in the driving seat.
On an hourly scale, the silver price is trading in a ‘Rising Channel’ in which every pullback towards the lower trendline placed from Februarys low at $22.00 is considered as a buying opportunity while the upper trendline place from February 01 high at $23.04 as a barricade.
Silver price has witnessed a strong momentum after piercing the 50-Exponential Moving Average (EMA) around $23.47. The 200-EMA around $23.23 has acted as a support on Tuesday.
The Relative Strength Index (RSI) (14) is holding above 60.00 showing no signs of divergence and overbought, which is indicating the continuation of bullish momentum in the next trading sessions.
Silver price will advance once it will pierce Thursday‘s high of $23.92 decisively to January 24 high at $24.20 followed by Tuesday’s high at $23.98.
XAG/USD hourly chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Uniglobe Markets Bonus Review: Understanding the Offers and Uncovering the Risks
Many traders start looking for a new broker by searching for special deals and bonuses. The phrase "Uniglobe Markets no deposit bonus" is something people often search for. Let's address this question clearly and directly. Based on all the information we have, Uniglobe Markets does not currently offer a no-deposit bonus. Instead, this broker focuses on bonuses that require you to deposit your own money first. To get any bonus credits, traders must put in their own capital. Read on to learn how this entire bonus works out for traders.
Original Two days ago
PINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
As online trading grows in popularity, Indian traders are always looking for brokers that offer good deals and fair conditions. PINAKINE has become one of these companies, getting attention by promising high leverage and many different account options. This broker, officially called Pinakine Liquidity Limited, has been operating for about one to two years and has made many people curious. Traders want to know the answer to the most important question: Is PINAKINE a real and safe place to invest money, or are there hidden dangers behind its attractive offers? Read on to know the answer.
Original Two days ago
Amillex Broker Login and Account Setup Guide 2025
You are here because you need clear instructions for the Amillex Broker login process or want to open a new Amillex Broker account. This guide is your complete resource. We provide a direct, step-by-step walkthrough for both new and existing traders. Our goal is to give you the exact information needed to access your account or get started with the platform safely and confidently. This complete manual covers everything from your first login to using your user dashboard and even setting up a practice account.
Original In a week
Top Tips to Avoid Forex Margin Calls and Protect Your Capital
While technical indicators or chart patterns often capture the attention of forex traders, especially new ones, aspects such as margin requirements, equity, used margin, free margin, and margin levels are often overlooked. So, if you have received a margin call from your forex broker and are wondering how to deal with it, you probably do not know the concept of a forex margin call - what triggers it and how to avoid it. Being unaware of this concept can make you lose your hard-earned capital. In this article, we will provide you with all the information you need to know. Keep reading!
Original 10-27
WikiFX Broker
Latest News
PINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
WikiFXThe United States Outgrows All Its Major Peers
WikiFXCanary Wharf Address Scam Resurfaces: FCA Exposes 20+ Clone Template Forex Platforms
WikiFXSeychelles FSA Flags Clone Website Impersonating Admiral Markets
WikiFXVoices of the Golden Insight Award Jury - Simon So, Chief Experience Officer of Hantec Financial
WikiFXPINAKINE Broker Review: A Complete Look at Its Services and Risks
WikiFXPrivate payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
WikiFXHe Thought It Was a Crypto Investment; It Cost Him RM1.2 Million
WikiFXYields Rise, Rate-Cut Odds Slide As ISM Services Survey Signal Inflation Fears
WikiFXOp-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate