SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Weekly - Technical analysis published on 07/12/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 17.21 USD

My targets

19.57 USD (+4.54%)

20.70 USD (+10.58%)

My analysis

The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 17.21 USD, you could try to benefit from the boom. The first bullish objective is located at 19.57 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.70 USD as an objective. Crossing it would then enable buyers to target 26.35 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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

Additional analysis

Quotes

The SILVER - USD rating is 18.72 USD. The price is up +3.77% over 5 days with the lowest point at 18.25 USD and the highest point at 19.04 USD. The deviation from the price is +2.58% for the low point and -1.68% for the high point.

18.25

19.04

18.72

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 for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this SILVER - USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 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 : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.73	17.21	18.58	18.72	19.57	20.70	26.35
Change (%)	-15.97%	-8.07%	-0.75%	-	+4.54%	+10.58%	+40.76%
Change	-2.99	-1.51	-0.14	-	+0.85	+1.98	+7.63
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Minor

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
Standard	17.79	18.12	18.39	18.72	18.99	19.32	19.59
Camarilla	18.51	18.56	18.62	18.67	18.73	18.78	18.84
Woodie	17.77	18.11	18.37	18.71	18.97	19.31	19.57
Fibonacci	18.12	18.35	18.49	18.72	18.95	19.09	19.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.89	17.29	17.66	18.06	18.43	18.83	19.20
Camarilla	17.83	17.90	17.97	18.04	18.11	18.18	18.25
Woodie	16.89	17.28	17.66	18.05	18.43	18.82	19.20
Fibonacci	17.29	17.58	17.76	18.06	18.35	18.53	18.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.83	16.39	17.28	17.84	18.73	19.29	20.18
Camarilla	17.78	17.91	18.05	18.18	18.31	18.45	18.58
Woodie	16.01	16.47	17.46	17.92	18.91	19.37	20.36
Fibonacci	16.39	16.94	17.28	17.84	18.39	18.73	19.29

Numerical data

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

Technical indicators

Moving averages

RSI (14):	63.32
MACD (12,26,9):	0.4100
Directional Movement:	10.24
AROON (14):	100.00
DEMA (21):	17.39
Parabolic SAR (0,02-0,02-0,2):	14.49
Elder Ray (13):	1.22
Super Trend (3,10):	15.27
Zig ZAG (10):	18.72
VORTEX (21):	1.0100
Stochastique (14,3,5):	91.45
TEMA (21):	17.81
Williams %R (14):	-6.68
Chande Momentum Oscillator (20):	3.53
Repulse (5,40,3):	5.6100
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	36.88

MA7:	18.38
MA20:	17.95
MA50:	17.28
MA100:	16.33
MAexp7:	17.77
MAexp20:	17.02
MAexp50:	16.71
MAexp100:	16.47
Price / MA7:	+1.85%
Price / MA20:	+4.29%
Price / MA50:	+8.33%
Price / MA100:	+14.64%
Price / MAexp7:	+5.35%
Price / MAexp20:	+9.99%
Price / MAexp50:	+12.03%
Price / MAexp100:	+13.66%

Quotes : 2020-07-10 20:59:58 - 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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