SILVER - USD - 1H - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
39%
50%
My opinion
Bearish under 25.28 USD
My targets
24.78 USD (-1.08%)
24.02 USD (-4.11%)
My analysis
All elements being rather 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 25.28 USD. The next bearish objective for sellers is set at 24.78 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 24.02 USD. If there is any crossing, the next objective would be the support located at 23.31 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
4.6
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This analysis was given by emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 25.05 USD. The price is lower by -0.87% since the last closing and was traded between 25.05 USD and 25.31 USD over the period. The price is currently at 0% from its lowest and -1.03% from its highest.25.05
25.31
25.05
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.02 | 24.78 | 24.99 | 25.05 | 25.28 | 25.59 | 25.78 |
| Change (%) | -4.11% | -1.08% | -0.24% | - | +0.92% | +2.16% | +2.91% |
| Change | -1.03 | -0.27 | -0.06 | - | +0.23 | +0.54 | +0.73 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 24.35 | 24.55 | 24.91 | 25.11 | 25.47 | 25.67 | 26.03 |
| Camarilla | 25.12 | 25.17 | 25.22 | 25.27 | 25.32 | 25.37 | 25.42 |
| Woodie | 24.43 | 24.59 | 24.99 | 25.15 | 25.55 | 25.71 | 26.11 |
| Fibonacci | 24.55 | 24.76 | 24.90 | 25.11 | 25.32 | 25.46 | 25.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.47 | 25.03 | 25.35 | 25.91 | 26.23 | 26.79 | 27.11 |
| Camarilla | 25.43 | 25.51 | 25.59 | 25.67 | 25.75 | 25.83 | 25.91 |
| Woodie | 24.35 | 24.97 | 25.23 | 25.85 | 26.11 | 26.73 | 26.99 |
| Fibonacci | 25.03 | 25.37 | 25.57 | 25.91 | 26.25 | 26.45 | 26.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.85 | 23.69 | 24.89 | 26.73 | 27.93 | 29.77 | 30.97 |
| Camarilla | 25.26 | 25.54 | 25.82 | 26.10 | 26.38 | 26.66 | 26.94 |
| Woodie | 21.54 | 23.53 | 24.58 | 26.57 | 27.62 | 29.61 | 30.66 |
| Fibonacci | 23.69 | 24.85 | 25.57 | 26.73 | 27.89 | 28.61 | 29.77 |
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): | 48.27 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -0.33 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 25.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.28 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 25.02 | |
| Zig ZAG (10): | 25.12 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 36.58 | |
| TEMA (21): | 25.22 | |
| Williams %R (14): | -95.00 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.14 |
| MA7: | 25.53 | |
| MA20: | 25.91 | |
| MA50: | 26.81 | |
| MA100: | 26.33 | |
| MAexp7: | 25.18 | |
| MAexp20: | 25.19 | |
| MAexp50: | 25.19 | |
| MAexp100: | 25.34 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | -3.32% | |
| Price / MA50: | -6.56% | |
| Price / MA100: | -4.86% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -1.10% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
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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