SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 26.97 USD

My targets

29.77 USD (+4.13%)

32.02 USD (+11.99%)

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 26.97 USD. The buyers' bullish objective is set at 29.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.02 USD. If there is any crossing, the next objective would be the resistance located at 34.99 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER - USD price is 28.59 USD. On the day, this instrument lost -0.04% with the lowest point at 28.43 USD and the highest point at 28.64 USD. The deviation from the price is +0.56% for the low point and -0.17% for the high point.

28.43

28.64

28.59

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SILVER - USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.45	26.20	28.53	28.59	29.77	34.99	48.29
Change (%)	-14.48%	-8.36%	-0.21%	-	+4.13%	+22.39%	+68.91%
Change	-4.14	-2.39	-0.06	-	+1.18	+6.40	+19.70
Level	Minor	Major	Major	-	Major	Minor	Major

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	27.56	27.83	28.21	28.48	28.86	29.13	29.51
Camarilla	28.42	28.48	28.54	28.60	28.66	28.72	28.78
Woodie	27.63	27.86	28.28	28.51	28.93	29.16	29.58
Fibonacci	27.83	28.08	28.23	28.48	28.73	28.88	29.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.47	25.45	26.81	27.79	29.15	30.13	31.49
Camarilla	27.53	27.74	27.96	28.17	28.39	28.60	28.81
Woodie	24.66	25.55	27.00	27.89	29.34	30.23	31.68
Fibonacci	25.45	26.34	26.90	27.79	28.68	29.24	30.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.08	21.92	24.13	26.97	29.18	32.02	34.23
Camarilla	24.96	25.42	25.89	26.35	26.81	27.28	27.74
Woodie	18.78	21.76	23.83	26.81	28.88	31.86	33.93
Fibonacci	21.92	23.85	25.04	26.97	28.90	30.09	32.02

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.96
MACD (12,26,9):	0.4600
Directional Movement:	14.37
AROON (14):	42.86
DEMA (21):	28.22
Parabolic SAR (0,02-0,02-0,2):	26.37
Elder Ray (13):	0.71
Super Trend (3,10):	26.48
Zig ZAG (10):	28.58
VORTEX (21):	1.0300
Stochastique (14,3,5):	89.86
TEMA (21):	28.15
Williams %R (14):	-6.52
Chande Momentum Oscillator (20):	1.51
Repulse (5,40,3):	2.3200
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	4.71

MA7:	28.08
MA20:	27.53
MA50:	26.58
MA100:	24.76
MAexp7:	28.13
MAexp20:	27.61
MAexp50:	26.61
MAexp100:	25.52
Price / MA7:	+1.82%
Price / MA20:	+3.85%
Price / MA50:	+7.56%
Price / MA100:	+15.47%
Price / MAexp7:	+1.64%
Price / MAexp20:	+3.55%
Price / MAexp50:	+7.44%
Price / MAexp100:	+12.03%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:

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

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