What does the silver MACD show today?
The MACD line for silver reads 1.92 against a signal line of 1.23. The histogram — the gap between them — is therefore +0.69, which is the bullish reading.
The detail
MACD is the difference between the 12-period and 26-period exponential moving averages, with a 9-period EMA of that difference as the signal line. When the MACD line crosses above the signal line the shorter-term trend is accelerating relative to the longer one.
It is a lagging indicator by construction — both inputs are averages of prices that have already happened. It describes a trend that is already underway rather than anticipating one.
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