SILVER - USD - Daily - Technical analysis published on 04/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 25.16 USD
My targets
26.35 USD (+0.80%)
27.59 USD (+5.55%)
My analysis
A bullish trend on SILVER - USD both in substance and in the short term. A purchase could be considered as long as the price remains above 25.16 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 26.35 USD. Then the price could move towards 27.59 USD. Then 28.53 USD by extension. Be careful, a return below 25.16 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 26.14 USD. On the day, this instrument gained +0.66% with the lowest point at 25.70 USD and the highest point at 26.19 USD. The deviation from the price is +1.71% for the low point and -0.19% for the high point.25.70
26.19
26.14
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
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
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.65 | 24.02 | 25.16 | 26.14 | 26.35 | 27.59 | 28.53 |
| Change (%) | -13.35% | -8.11% | -3.75% | - | +0.80% | +5.55% | +9.14% |
| Change | -3.49 | -2.12 | -0.98 | - | +0.21 | +1.45 | +2.39 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 25.15 | 25.44 | 25.71 | 26.00 | 26.27 | 26.56 | 26.83 |
| Camarilla | 25.82 | 25.87 | 25.92 | 25.97 | 26.02 | 26.07 | 26.12 |
| Woodie | 25.13 | 25.44 | 25.69 | 26.00 | 26.25 | 26.56 | 26.81 |
| Fibonacci | 25.44 | 25.66 | 25.79 | 26.00 | 26.22 | 26.35 | 26.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.38 | 24.03 | 25.00 | 25.65 | 26.62 | 27.27 | 28.24 |
| Camarilla | 25.53 | 25.67 | 25.82 | 25.97 | 26.12 | 26.27 | 26.42 |
| Woodie | 23.54 | 24.11 | 25.16 | 25.73 | 26.78 | 27.35 | 28.40 |
| Fibonacci | 24.03 | 24.65 | 25.03 | 25.65 | 26.27 | 26.65 | 27.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.66 | 21.72 | 23.07 | 25.13 | 26.48 | 28.54 | 29.89 |
| Camarilla | 23.49 | 23.81 | 24.12 | 24.43 | 24.74 | 25.06 | 25.37 |
| Woodie | 19.32 | 21.54 | 22.73 | 24.95 | 26.14 | 28.36 | 29.55 |
| Fibonacci | 21.72 | 23.02 | 23.82 | 25.13 | 26.43 | 27.23 | 28.54 |
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): | 57.98 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 3.80 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 25.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.17 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 26.35 | |
| Zig ZAG (10): | 26.15 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 91.42 | |
| TEMA (21): | 25.55 | |
| Williams %R (14): | -6.72 | |
| Chande Momentum Oscillator (20): | 1.71 | |
| Repulse (5,40,3): | 2.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 4.81 |
| MA7: | 25.54 | |
| MA20: | 25.18 | |
| MA50: | 26.06 | |
| MA100: | 25.76 | |
| MAexp7: | 25.67 | |
| MAexp20: | 25.48 | |
| MAexp50: | 25.69 | |
| MAexp100: | 25.51 | |
| Price / MA7: | +2.35% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +1.83% | |
| Price / MAexp20: | +2.59% | |
| Price / MAexp50: | +1.75% | |
| Price / MAexp100: | +2.47% |
Quotes :
-
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
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
-
Silver Technical Analysis for December 09 2016 by FXEmpire.com
-
Silver Technical Analysis for December 08 2016 by FXEmpire.com
-
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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