SILVER - USD
SILVER - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - USD - 15 min. - Technical analysis published on 04/03/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 26.35 USD
My targets
26.59 USD (+0.80%)
26.80 USD (+1.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 26.35 USD. The buyers' bullish objective is set at 26.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.80 USD. If there is any crossing, the next objective would be the resistance located at 27.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

SILVER - USD rating 26.38 USD. The price registered an increase of +0.88% on the session with the lowest point at 26.11 USD and the highest point at 26.56 USD. The deviation from the price is +1.03% for the low point and -0.68% for the high point.

26.11
26.56
26.38

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.39 25.71 26.20 26.38 28.53 29.77 34.99
Change (%) -3.75% -2.54% -0.68% - +8.15% +12.85% +32.64%
Change -0.99 -0.67 -0.18 - +2.15 +3.39 +8.61
Level Minor Major Major - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.6925.9026.1426.3526.5926.8027.04
Camarilla26.2626.3026.3426.3826.4226.4626.50
Woodie25.7125.9126.1626.3626.6126.8127.06
Fibonacci25.9026.0726.1826.3526.5226.6326.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.8224.0724.5224.7725.2225.4725.92
Camarilla24.7824.8424.9124.9725.0325.1025.16
Woodie23.9224.1224.6224.8225.3225.5226.02
Fibonacci24.0724.3424.5024.7725.0425.2025.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.7721.1423.0524.4226.3327.7029.61
Camarilla24.0724.3724.6724.9725.2725.5725.87
Woodie20.0521.2823.3324.5626.6127.8429.89
Fibonacci21.1422.3923.1624.4225.6726.4427.70

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.90
MACD (12,26,9): 0.0700
Directional Movement: 16.35
AROON (14): 35.71
DEMA (21): 26.41
Parabolic SAR (0,02-0,02-0,2): 26.25
Elder Ray (13): 0.01
Super Trend (3,10): 26.20
Zig ZAG (10): 26.33
VORTEX (21): 1.1000
Stochastique (14,3,5): 35.62
TEMA (21): 26.39
Williams %R (14): -61.76
Chande Momentum Oscillator (20): 0.11
Repulse (5,40,3): 0.0400
ROCnROLL: -1
TRIX (15,9): 0.0400
Courbe Coppock: 1.11
MA7: 25.18
MA20: 24.89
MA50: 23.65
MA100: 23.64
MAexp7: 26.36
MAexp20: 26.32
MAexp50: 26.15
MAexp100: 25.90
Price / MA7: +4.77%
Price / MA20: +5.99%
Price / MA50: +11.54%
Price / MA100: +11.59%
Price / MAexp7: +0.08%
Price / MAexp20: +0.23%
Price / MAexp50: +0.88%
Price / MAexp100: +1.85%

Quotes : - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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