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 07/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 25.44 USD
My targets
25.76 USD (+0.39%)
26.35 USD (+2.69%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 25.44 USD, you could try to benefit from the boom. The first bullish objective is located at 25.76 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.35 USD as an objective. Crossing it would then enable buyers to target 27.58 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
7.7

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 emc3. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

SILVER - USD rating 25.66 USD. On the day, this instrument gained +2.44% with the lowest point at 25.01 USD and the highest point at 25.80 USD. The deviation from the price is +2.60% for the low point and -0.54% for the high point.

25.01
25.80
25.66

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SILVER - USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SILVER - USD chart shows a strongly bullish trend. 82.14% 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 is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.27 25.44 25.60 25.66 25.76 26.35 27.58
Change (%) -1.52% -0.86% -0.23% - +0.39% +2.69% +7.48%
Change -0.39 -0.22 -0.06 - +0.10 +0.69 +1.92
Level Major Intermediate Minor - Minor 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
Standard24.3224.4624.7624.9025.2025.3425.64
Camarilla24.9324.9725.0125.0525.0925.1325.17
Woodie24.3924.5024.8324.9425.2725.3825.71
Fibonacci24.4624.6324.7424.9025.0725.1825.34


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.6924.2224.7025.2325.7126.2426.72
Camarilla24.9025.0025.0925.1825.2725.3725.46
Woodie23.6724.2124.6825.2225.6926.2326.70
Fibonacci24.2224.6124.8425.2325.6225.8526.24


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.8523.6924.8926.7327.9329.7730.97
Camarilla25.2625.5425.8226.1026.3826.6626.94
Woodie21.5423.5324.5826.5727.6229.6130.66
Fibonacci23.6924.8525.5726.7327.8928.6129.77

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): 78.25
MACD (12,26,9): 0.1500
Directional Movement: 27.22
AROON (14): 100.00
DEMA (21): 25.29
Parabolic SAR (0,02-0,02-0,2): 25.07
Elder Ray (13): 0.25
Super Trend (3,10): 25.10
Zig ZAG (10): 25.52
VORTEX (21): 1.2300
Stochastique (14,3,5): 93.57
TEMA (21): 25.47
Williams %R (14): -7.81
Chande Momentum Oscillator (20): 0.59
Repulse (5,40,3): 0.6800
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 3.87
MA7: 25.19
MA20: 25.70
MA50: 26.55
MA100: 26.31
MAexp7: 25.36
MAexp20: 25.13
MAexp50: 25.03
MAexp100: 25.07
Price / MA7: +1.87%
Price / MA20: -0.16%
Price / MA50: -3.35%
Price / MA100: -2.47%
Price / MAexp7: +1.18%
Price / MAexp20: +2.11%
Price / MAexp50: +2.52%
Price / MAexp100: +2.35%

Quotes : - Real time data - Gold & Silver Spot

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

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