SILVER - USD - Daily - Technical analysis published on 03/31/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 24.23 USD
My targets
23.37 USD (-2.16%)
22.65 USD (-5.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 24.23 USD. The sellers” bearish objective is set at 23.37 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.65 USD. In case of crossing, the next objective would be the support located at 20.70 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 23.89 USD. On the day, this instrument lost -0.54% and was between 23.77 USD and 24.13 USD. This implies that the price is at +0.50% from its lowest and at -0.99% from its highest.23.77
24.13
23.89
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
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:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.18 | 20.70 | 22.65 | 23.89 | 24.23 | 25.16 | 26.35 |
| Change (%) | -23.90% | -13.35% | -5.19% | - | +1.42% | +5.32% | +10.30% |
| Change | -5.71 | -3.19 | -1.24 | - | +0.34 | +1.27 | +2.46 |
| Level | Minor | Major | Major | - | Minor | Major | 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 | 23.51 | 23.68 | 23.85 | 24.02 | 24.19 | 24.36 | 24.53 |
| Camarilla | 23.93 | 23.96 | 23.99 | 24.02 | 24.05 | 24.08 | 24.11 |
| Woodie | 23.51 | 23.68 | 23.85 | 24.02 | 24.19 | 24.36 | 24.53 |
| Fibonacci | 23.68 | 23.81 | 23.89 | 24.02 | 24.15 | 24.23 | 24.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.78 | 23.60 | 24.33 | 25.15 | 25.88 | 26.70 | 27.43 |
| Camarilla | 24.64 | 24.79 | 24.93 | 25.07 | 25.21 | 25.35 | 25.50 |
| Woodie | 22.75 | 23.58 | 24.30 | 25.13 | 25.85 | 26.68 | 27.40 |
| Fibonacci | 23.60 | 24.19 | 24.56 | 25.15 | 25.74 | 26.11 | 26.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.85 | 23.37 | 25.03 | 27.55 | 29.21 | 31.73 | 33.39 |
| Camarilla | 25.53 | 25.91 | 26.30 | 26.68 | 27.06 | 27.45 | 27.83 |
| Woodie | 20.41 | 23.16 | 24.59 | 27.34 | 28.77 | 31.52 | 32.95 |
| Fibonacci | 23.37 | 24.97 | 25.96 | 27.55 | 29.15 | 30.14 | 31.73 |
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): | 30.79 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | -19.61 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 24.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.99 | |
| Elder Ray (13): | -1.14 | |
| Super Trend (3,10): | 26.02 | |
| Zig ZAG (10): | 23.91 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 7.31 | |
| TEMA (21): | 24.32 | |
| Williams %R (14): | -96.52 | |
| Chande Momentum Oscillator (20): | -2.33 | |
| Repulse (5,40,3): | -1.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 8.87 |
| MA7: | 24.69 | |
| MA20: | 25.46 | |
| MA50: | 26.29 | |
| MA100: | 25.60 | |
| MAexp7: | 24.65 | |
| MAexp20: | 25.41 | |
| MAexp50: | 25.84 | |
| MAexp100: | 25.53 | |
| Price / MA7: | -3.24% | |
| Price / MA20: | -6.17% | |
| Price / MA50: | -9.13% | |
| Price / MA100: | -6.68% | |
| Price / MAexp7: | -3.08% | |
| Price / MAexp20: | -5.98% | |
| Price / MAexp50: | -7.55% | |
| Price / MAexp100: | -6.42% |
Quotes :
2021-03-31 02:53:03
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Real time data
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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:
-
Silver Prices forecast for the week of December 12 2016, Technical Analysis
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Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
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Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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