SILVER - USD
SILVER - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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High / Low range: -
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 08/13/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 26.01 USD
My targets
34.40 USD (+29.80%)
34.99 USD (+32.04%)
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 26.01 USD. The buyers” bullish objective is set at 34.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.99 USD. If there is any crossing, the next objective would be the resistance located at 48.29 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
0
10
7.5

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:
15 min. 1H Weekly

Additional analysis

Quotes

The SILVER - USD rating is 26.50 USD. The price has increased by +3.35% since the last closing and was between 25.55 USD and 26.77 USD. This implies that the price is at +3.72% from its lowest and at -1.01% from its highest.

25.55
26.77
26.50

Here is a more detailed summary of the historical variations registered by SILVER - USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in Daily of this SILVER - USD chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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

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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 18.58 20.70 26.35 26.50 34.99 48.29
Change (%) -29.89% -21.89% -0.57% - +32.04% +82.23%
Change -7.92 -5.80 -0.15 - +8.49 +21.79
Level 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
Standard21.0722.2523.9425.1226.8127.9929.68
Camarilla24.8525.1125.3825.6425.9026.1726.43
Woodie21.3422.3824.2125.2527.0828.1229.95
Fibonacci22.2523.3424.0225.1226.2126.8927.99


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.178.5613.0921.4826.0134.4038.93
Camarilla14.0815.2616.4517.6318.8120.0021.18
Woodie-1.757.6011.1720.5224.0933.4437.01
Fibonacci8.5613.4916.5421.4826.4129.4634.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.2417.4117.3617.5317.4817.6517.60
Camarilla17.2717.2817.2917.3017.3117.3217.33
Woodie17.1217.3617.2417.4817.3617.6017.48
Fibonacci17.4117.4617.4917.5317.5817.6117.65

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): 55.73
MACD (12,26,9): 1.3600
Directional Movement: 11.14
AROON (14): -14.29
DEMA (21): 25.86
Parabolic SAR (0,02-0,02-0,2): 29.18
Elder Ray (13): 1.50
Super Trend (3,10): 18.60
Zig ZAG (10): 26.58
VORTEX (21): 1.0900
Stochastique (14,3,5): 67.37
TEMA (21): 25.99
Williams %R (14): -26.57
Chande Momentum Oscillator (20): 2.97
Repulse (5,40,3): 0.3100
ROCnROLL: 1
TRIX (15,9): 1.0200
Courbe Coppock: 15.30
MA7: 24.16
MA20: 24.45
MA50: 20.70
MA100: 18.29
MAexp7: 25.14
MAexp20: 23.96
MAexp50: 21.56
MAexp100: 19.66
Price / MA7: +9.69%
Price / MA20: +8.38%
Price / MA50: +28.02%
Price / MA100: +44.89%
Price / MAexp7: +5.41%
Price / MAexp20: +10.60%
Price / MAexp50: +22.91%
Price / MAexp100: +34.79%

Quotes : 2020-08-13 11:41:13 - Real time data - Gold & Silver Spot

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

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