SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 05/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 26.35 USD

My targets

28.53 USD (+3.33%)

29.77 USD (+7.82%)

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 26.35 USD. The next resistance located at 28.53 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 29.77 USD. After this resistance, buyers could then target 34.99 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER - USD rating 27.61 USD. The price has increased by +0.69% since the last closing and was between 27.34 USD and 27.77 USD. This implies that the price is at +0.99% from its lowest and at -0.58% from its highest.

27.34

27.77

27.61

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.16	26.35	27.59	27.61	28.53	29.77	34.99
Change (%)	-8.87%	-4.56%	-0.07%	-	+3.33%	+7.82%	+26.73%
Change	-2.45	-1.26	-0.02	-	+0.92	+2.16	+7.38
Level	Intermediate	Intermediate	Major	-	Major	Major	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
Standard	26.33	26.57	27.00	27.24	27.67	27.91	28.34
Camarilla	27.24	27.30	27.36	27.42	27.48	27.54	27.60
Woodie	26.42	26.62	27.09	27.29	27.76	27.96	28.43
Fibonacci	26.57	26.83	26.99	27.24	27.50	27.66	27.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.64	26.18	26.80	27.34	27.96	28.50	29.12
Camarilla	27.10	27.21	27.31	27.42	27.53	27.63	27.74
Woodie	25.68	26.20	26.84	27.36	28.00	28.52	29.16
Fibonacci	26.18	26.62	26.90	27.34	27.78	28.06	28.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.15	23.19	24.55	25.59	26.95	27.99	29.35
Camarilla	25.24	25.46	25.68	25.90	26.12	26.34	26.56
Woodie	22.30	23.27	24.70	25.67	27.10	28.07	29.50
Fibonacci	23.19	24.11	24.68	25.59	26.51	27.08	27.99

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):	63.40
MACD (12,26,9):	0.4500
Directional Movement:	16.84
AROON (14):	50.00
DEMA (21):	27.32
Parabolic SAR (0,02-0,02-0,2):	27.83
Elder Ray (13):	0.54
Super Trend (3,10):	25.61
Zig ZAG (10):	27.63
VORTEX (21):	1.1200
Stochastique (14,3,5):	76.04
TEMA (21):	27.63
Williams %R (14):	-11.52
Chande Momentum Oscillator (20):	1.53
Repulse (5,40,3):	2.0300
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	9.24

MA7:	27.36
MA20:	26.69
MA50:	25.94
MA100:	26.21
MAexp7:	27.28
MAexp20:	26.77
MAexp50:	26.30
MAexp100:	25.92
Price / MA7:	+0.91%
Price / MA20:	+3.45%
Price / MA50:	+6.44%
Price / MA100:	+5.34%
Price / MAexp7:	+1.21%
Price / MAexp20:	+3.14%
Price / MAexp50:	+4.98%
Price / MAexp100:	+6.52%

Quotes : - Real time data - 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:

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

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