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 05/19/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 27.58 USD
My targets
27.14 USD (-0.88%)
26.72 USD (-2.41%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SILVER - USD, which is a positive signal for sellers. As long as the price remains above 27.58 USD, a sale could be considered. The first bearish objective is located at 27.14 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 26.72 USD as an objective. Crossing it would then enable sellers to target 26.35 USD. If the price were to return above 27.58 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4

Complete this analysis for another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

SILVER - USD rating 27.38 USD. On the day, this instrument lost -2.77% and was between 27.36 USD and 28.23 USD. This implies that the price is at +0.07% from its lowest and at -3.01% from its highest.

27.36
28.23
27.38

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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 Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SILVER - USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 26.35 26.72 27.14 27.38 27.58 28.00 28.29
Change (%) -3.76% -2.41% -0.88% - +0.73% +2.26% +3.32%
Change -1.03 -0.66 -0.24 - +0.20 +0.62 +0.91
Level Minor Minor Intermediate - Major Minor Minor



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
Standard27.1127.5527.8628.3028.6129.0529.36
Camarilla27.9528.0228.0928.1628.2328.3028.37
Woodie27.0427.5227.7928.2728.5429.0229.29
Fibonacci27.5527.8428.0228.3028.5928.7729.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.6426.1826.8027.3427.9628.5029.12
Camarilla27.1027.2127.3127.4227.5327.6327.74
Woodie25.6826.2026.8427.3628.0028.5229.16
Fibonacci26.1826.6226.9027.3427.7828.0628.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.1523.1924.5525.5926.9527.9929.35
Camarilla25.2425.4625.6825.9026.1226.3426.56
Woodie22.3023.2724.7025.6727.1028.0729.50
Fibonacci23.1924.1124.6825.5926.5127.0827.99

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): 26.98
MACD (12,26,9): -0.1300
Directional Movement: -24.16
AROON (14): -71.43
DEMA (21): 27.83
Parabolic SAR (0,02-0,02-0,2): 28.10
Elder Ray (13): -0.30
Super Trend (3,10): 28.11
Zig ZAG (10): 27.49
VORTEX (21): 0.8100
Stochastique (14,3,5): 9.34
TEMA (21): 27.67
Williams %R (14): -94.74
Chande Momentum Oscillator (20): -0.65
Repulse (5,40,3): -1.1100
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 2.73
MA7: 27.58
MA20: 26.89
MA50: 26.05
MA100: 26.26
MAexp7: 27.77
MAexp20: 27.98
MAexp50: 28.00
MAexp100: 27.82
Price / MA7: -0.73%
Price / MA20: +1.82%
Price / MA50: +5.11%
Price / MA100: +4.27%
Price / MAexp7: -1.40%
Price / MAexp20: -2.14%
Price / MAexp50: -2.21%
Price / MAexp100: -1.58%

Quotes : - 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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