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 08/12/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 21.48 USD

My targets

26.35 USD (+2.37%)

34.40 USD (+33.63%)

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 21.48 USD. The buyers” bullish objective is set at 26.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.40 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

7.5

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

Additional analysis

Quotes

SILVER - USD rating 25.74 USD. On the day, this instrument gained +3.29% and was traded between 23.42 USD and 26.29 USD over the period. The price is currently at +9.91% from its lowest and -2.09% from its highest.

23.42

26.29

25.74

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

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 scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Long black line

Type : Bearish

Timeframe : Daily

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.73	18.58	20.70	25.74	26.35	34.99	48.29
Change (%)	-38.89%	-27.82%	-19.58%	-	+2.37%	+35.94%	+87.61%
Change	-10.01	-7.16	-5.04	-	+0.61	+9.25	+22.55
Level	Minor	Major	Major	-	Intermediate	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	18.36	21.37	23.15	26.16	27.94	30.95	32.73
Camarilla	23.60	24.04	24.48	24.92	25.36	25.80	26.24
Woodie	17.74	21.06	22.53	25.85	27.32	30.64	32.11
Fibonacci	21.37	23.20	24.33	26.16	27.99	29.12	30.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.17	8.56	13.09	21.48	26.01	34.40	38.93
Camarilla	14.08	15.26	16.45	17.63	18.81	20.00	21.18
Woodie	-1.75	7.60	11.17	20.52	24.09	33.44	37.01
Fibonacci	8.56	13.49	16.54	21.48	26.41	29.46	34.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.24	17.41	17.36	17.53	17.48	17.65	17.60
Camarilla	17.27	17.28	17.29	17.30	17.31	17.32	17.33
Woodie	17.12	17.36	17.24	17.48	17.36	17.60	17.48
Fibonacci	17.41	17.46	17.49	17.53	17.58	17.61	17.65

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):	54.42
MACD (12,26,9):	1.2900
Directional Movement:	10.22
AROON (14):	-14.29
DEMA (21):	25.51
Parabolic SAR (0,02-0,02-0,2):	29.41
Elder Ray (13):	0.52
Super Trend (3,10):	18.60
Zig ZAG (10):	25.59
VORTEX (21):	1.0500
Stochastique (14,3,5):	73.98
TEMA (21):	25.61
Williams %R (14):	-33.31
Chande Momentum Oscillator (20):	1.39
Repulse (5,40,3):	-4.8300
ROCnROLL:	1
TRIX (15,9):	1.0500
Courbe Coppock:	17.83

MA7:	24.67
MA20:	24.12
MA50:	20.52
MA100:	18.17
MAexp7:	24.77
MAexp20:	23.69
MAexp50:	21.36
MAexp100:	19.52
Price / MA7:	+4.34%
Price / MA20:	+6.72%
Price / MA50:	+25.44%
Price / MA100:	+41.66%
Price / MAexp7:	+3.92%
Price / MAexp20:	+8.65%
Price / MAexp50:	+20.51%
Price / MAexp100:	+31.86%

Quotes : 2020-08-12 09:53:26 - Real time data - Gold & Silver Spot

News

The last news published on SILVER - USD at the time of the generation of this analysis was as follows:

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

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