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 - 1H - Technical analysis published on 03/15/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 25.93 USD
My targets
26.35 USD (+0.96%)
26.62 USD (+1.99%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SILVER - USD. This is a positive signal for buyers. As long as the price remains above 25.93 USD, a purchase could be considered. The first bullish objective is located at 26.35 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.62 USD as an objective. Crossing it would then enable buyers to target 26.91 USD. In the event of a return below 25.93 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SILVER - USD price is 26.10 USD. The price registered an increase of +0.69% on the session and was between 25.79 USD and 26.21 USD. This implies that the price is at +1.20% from its lowest and at -0.42% from its highest.

25.79
26.21
26.10

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This 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:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.16 25.38 25.93 26.10 26.35 26.62 26.91
Change (%) -3.60% -2.76% -0.65% - +0.96% +1.99% +3.10%
Change -0.94 -0.72 -0.17 - +0.25 +0.52 +0.81
Level Major Intermediate Major - Major Minor 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
Standard24.6925.0325.4825.8226.2726.6127.06
Camarilla25.7025.7825.8525.9225.9926.0726.14
Woodie24.7425.0625.5325.8526.3226.6427.11
Fibonacci25.0325.3425.5225.8226.1326.3126.61


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.5824.2725.0925.7826.6027.2928.11
Camarilla25.5125.6425.7825.9226.0626.2026.34
Woodie23.6624.3025.1725.8126.6827.3228.19
Fibonacci24.2724.8425.2025.7826.3526.7127.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.8523.3725.0327.5529.2131.7333.39
Camarilla25.5325.9126.3026.6827.0627.4527.83
Woodie20.4123.1624.5927.3428.7731.5232.95
Fibonacci23.3724.9725.9627.5529.1530.1431.73

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): 59.03
MACD (12,26,9): 0.0600
Directional Movement: 8.29
AROON (14): 28.57
DEMA (21): 26.04
Parabolic SAR (0,02-0,02-0,2): 25.81
Elder Ray (13): 0.09
Super Trend (3,10): 25.68
Zig ZAG (10): 26.10
VORTEX (21): 1.2100
Stochastique (14,3,5): 74.60
TEMA (21): 26.11
Williams %R (14): -23.81
Chande Momentum Oscillator (20): 0.14
Repulse (5,40,3): 0.1700
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.29
MA7: 25.80
MA20: 26.57
MA50: 26.42
MA100: 25.48
MAexp7: 26.05
MAexp20: 25.97
MAexp50: 25.94
MAexp100: 25.91
Price / MA7: +1.16%
Price / MA20: -1.77%
Price / MA50: -1.21%
Price / MA100: +2.43%
Price / MAexp7: +0.19%
Price / MAexp20: +0.50%
Price / MAexp50: +0.62%
Price / MAexp100: +0.73%

Quotes : 2021-03-15 12:50:57 - 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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