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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 - Weekly - Technical analysis published on 05/26/2020 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 15.65 USD
My targets
18.58 USD (+7.27%)
19.57 USD (+12.99%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SILVER as long as the price remains well above 15.65 USD. The buyers” bullish objective is set at 18.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.57 USD. If there is any crossing, the next objective would be the resistance located at 20.70 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
6.4

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.

IJD Holdings
This analysis was given by IJD Holdings. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The SILVER price is 17.32 USD. Over 5 days, this instrument lost -0.46% with the lowest point at 16.73 USD and the highest point at 17.26 USD. The deviation from the price is +3.53% for the low point and +0.35% for the high point.

16.73
17.26
17.32

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 Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Weekly of this SILVER chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly



In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.86 15.65 17.21 17.32 18.58 19.57 20.70
Change (%) -19.98% -9.64% -0.64% - +7.27% +12.99% +19.52%
Change -3.46 -1.67 -0.11 - +1.26 +2.25 +3.38
Level Major Major Major - Major Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.6016.7516.9317.0817.2617.4117.59
Camarilla17.0217.0517.0817.1117.1417.1717.20
Woodie16.6216.7616.9517.0917.2817.4217.61
Fibonacci16.7516.8816.9517.0817.2117.2817.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.7416.2116.7117.1817.6818.1518.65
Camarilla16.9517.0417.1317.2217.3117.4017.49
Woodie15.7716.2216.7417.1917.7118.1618.68
Fibonacci16.2116.5816.8117.1817.5517.7818.15


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.8712.8413.9014.8715.9316.9017.96
Camarilla14.4014.5914.7714.9615.1515.3315.52
Woodie11.9212.8613.9514.8915.9816.9218.01
Fibonacci12.8413.6214.1014.8715.6516.1316.90

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): 56.70
MACD (12,26,9): -0.1500
Directional Movement: 1.74
AROON (14): -21.43
DEMA (21): 15.97
Parabolic SAR (0,02-0,02-0,2): 11.97
Elder Ray (13): 1.03
Super Trend (3,10): 17.63
Zig ZAG (10): 17.38
VORTEX (21): 0.9700
Stochastique (14,3,5): 74.36
TEMA (21): 15.86
Williams %R (14): -21.58
Chande Momentum Oscillator (20): 0.05
Repulse (5,40,3): 9.4500
ROCnROLL: 1
TRIX (15,9): -0.3500
Courbe Coppock: 15.38
MA7: 17.25
MA20: 16.02
MA50: 15.13
MA100: 16.35
MAexp7: 16.34
MAexp20: 16.24
MAexp50: 16.37
MAexp100: 16.29
Price / MA7: +0.41%
Price / MA20: +8.11%
Price / MA50: +14.47%
Price / MA100: +5.93%
Price / MAexp7: +6.00%
Price / MAexp20: +6.65%
Price / MAexp50: +5.80%
Price / MAexp100: +6.32%

News


Don"t forget to follow the news on SILVER. 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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