SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - 15 min. - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 27.34 USD

My targets

27.61 USD (+0.72%)

27.99 USD (+2.13%)

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 27.34 USD. The buyers' bullish objective is set at 27.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.99 USD. If there is any crossing, the next objective would be the resistance located at 28.26 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

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:

Additional analysis

Quotes

SILVER - USD rating 27.41 USD. On the day, this instrument gained +0.70% and was traded between 26.94 USD and 27.44 USD over the period. The price is currently at +1.74% from its lowest and -0.11% from its highest.

26.94

27.44

27.41

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in 15 min. of this SILVER - USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.20	26.66	26.98	27.41	27.48	27.87	28.14
Change (%)	-4.41%	-2.74%	-1.57%	-	+0.26%	+1.68%	+2.66%
Change	-1.21	-0.75	-0.43	-	+0.07	+0.46	+0.73
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.31	26.69	26.96	27.34	27.61	27.99	28.26
Camarilla	27.04	27.10	27.16	27.22	27.28	27.34	27.40
Woodie	26.25	26.66	26.90	27.31	27.55	27.96	28.20
Fibonacci	26.69	26.94	27.10	27.34	27.59	27.75	27.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.29	25.47	26.35	27.53	28.41	29.59	30.47
Camarilla	26.65	26.84	27.03	27.22	27.41	27.60	27.79
Woodie	24.13	25.40	26.19	27.46	28.25	29.52	30.31
Fibonacci	25.47	26.26	26.75	27.53	28.32	28.81	29.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.77	21.14	23.05	24.42	26.33	27.70	29.61
Camarilla	24.07	24.37	24.67	24.97	25.27	25.57	25.87
Woodie	20.05	21.28	23.33	24.56	26.61	27.84	29.89
Fibonacci	21.14	22.39	23.16	24.42	25.67	26.44	27.70

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):	61.67
MACD (12,26,9):	0.0400
Directional Movement:	11.20
AROON (14):	85.71
DEMA (21):	27.39
Parabolic SAR (0,02-0,02-0,2):	27.31
Elder Ray (13):	0.03
Super Trend (3,10):	27.24
Zig ZAG (10):	27.38
VORTEX (21):	1.1300
Stochastique (14,3,5):	73.44
TEMA (21):	27.41
Williams %R (14):	-30.00
Chande Momentum Oscillator (20):	0.06
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.96

MA7:	27.49
MA20:	27.69
MA50:	25.49
MA100:	24.31
MAexp7:	27.38
MAexp20:	27.34
MAexp50:	27.30
MAexp100:	27.32
Price / MA7:	-0.29%
Price / MA20:	-1.01%
Price / MA50:	+7.53%
Price / MA100:	+12.75%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.40%
Price / MAexp100:	+0.33%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on SILVER - USD at the time of the analysis were as follows:

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

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