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 09/07/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 24.41 USD

My targets

30.85 USD (+15.04%)

34.99 USD (+30.46%)

My analysis

SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 24.41 USD. The next resistance located at 30.85 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 34.99 USD. After this resistance, buyers could then target 48.29 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 26.82 USD. Over 5 days, this instrument lost -4.66% and has been traded over the last 5 days between 26.30 USD and 27.72 USD. This implies that the 5 day price is +1.98% from its lowest point and -3.25% from its highest point.

26.30

27.72

26.82

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this Weekly chart of SILVER - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

RSI indicator: bearish divergence

Type : Bearish

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:

Price is back under the pivot point

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	18.58	20.70	26.35	26.82	34.99	48.29
Change (%)	-30.72%	-22.82%	-1.75%	-	+30.46%	+80.05%
Change	-8.24	-6.12	-0.47	-	+8.17	+21.47
Level	Major	Major	Major	-	Minor	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
Standard	25.73	26.01	26.47	26.75	27.21	27.49	27.95
Camarilla	26.72	26.78	26.85	26.92	26.99	27.06	27.12
Woodie	25.81	26.06	26.55	26.80	27.29	27.54	28.03
Fibonacci	26.01	26.30	26.47	26.75	27.04	27.21	27.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.25	24.77	25.85	27.37	28.45	29.97	31.05
Camarilla	26.21	26.44	26.68	26.92	27.16	27.40	27.64
Woodie	23.02	24.66	25.62	27.26	28.22	29.86	30.82
Fibonacci	24.77	25.77	26.38	27.37	28.37	28.98	29.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.97	20.70	24.41	27.14	30.85	33.58	37.29
Camarilla	26.36	26.95	27.54	28.13	28.72	29.31	29.90
Woodie	18.47	20.95	24.91	27.39	31.35	33.83	37.79
Fibonacci	20.70	23.16	24.68	27.14	29.60	31.12	33.58

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):	74.21
MACD (12,26,9):	2.8600
Directional Movement:	28.82
AROON (14):	50.00
DEMA (21):	25.66
Parabolic SAR (0,02-0,02-0,2):	25.74
Elder Ray (13):	2.94
Super Trend (3,10):	20.88
Zig ZAG (10):	27.04
VORTEX (21):	1.2900
Stochastique (14,3,5):	79.12
TEMA (21):	27.72
Williams %R (14):	-21.90
Chande Momentum Oscillator (20):	9.42
Repulse (5,40,3):	1.3000
ROCnROLL:	1
TRIX (15,9):	1.6300
Courbe Coppock:	110.95

MA7:	27.42
MA20:	26.99
MA50:	23.96
MA100:	20.33
MAexp7:	25.93
MAexp20:	22.34
MAexp50:	19.43
MAexp100:	17.98
Price / MA7:	-2.19%
Price / MA20:	-0.63%
Price / MA50:	+11.94%
Price / MA100:	+31.92%
Price / MAexp7:	+3.43%
Price / MAexp20:	+20.05%
Price / MAexp50:	+38.03%
Price / MAexp100:	+49.17%

Quotes : 2020-09-07 05:50:34 - Real time data - Gold & Silver Spot

News

The latest news and videos published on SILVER - USD at the time of the analysis were as follows:

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

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