SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 10/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 24.02 USD

My targets

24.74 USD (+1.69%)

26.35 USD (+8.30%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 24.02 USD. The buyers' bullish objective is set at 24.74 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.35 USD. If there is any crossing, the next objective would be the resistance located at 27.57 USD.

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

5.4

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

Additional analysis

Quotes

The SILVER - USD price is 24.33 USD. On the day, this instrument gained +0.75% and was traded between 24.11 USD and 24.83 USD over the period. The price is currently at +0.91% from its lowest and -2.01% from its highest.

24.11

24.83

24.33

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this SILVER - USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.56	22.65	24.02	24.33	24.74	26.35	27.57
Change (%)	-11.39%	-6.91%	-1.27%	-	+1.69%	+8.30%	+13.32%
Change	-2.77	-1.68	-0.31	-	+0.41	+2.02	+3.24
Level	Intermediate	Major	Major	-	Intermediate	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	23.30	23.70	24.02	24.42	24.74	25.14	25.46
Camarilla	24.13	24.20	24.26	24.33	24.40	24.46	24.53
Woodie	23.25	23.68	23.97	24.40	24.69	25.12	25.41
Fibonacci	23.70	23.98	24.15	24.42	24.70	24.87	25.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.46	22.24	23.28	24.06	25.10	25.88	26.92
Camarilla	23.83	24.00	24.16	24.33	24.50	24.66	24.83
Woodie	21.60	22.31	23.42	24.13	25.24	25.95	27.06
Fibonacci	22.24	22.93	23.36	24.06	24.75	25.18	25.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.27	19.35	20.72	22.80	24.17	26.25	27.62
Camarilla	21.15	21.47	21.78	22.10	22.42	22.73	23.05
Woodie	16.93	19.17	20.38	22.62	23.83	26.07	27.28
Fibonacci	19.35	20.67	21.48	22.80	24.12	24.93	26.25

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):	65.19
MACD (12,26,9):	0.2300
Directional Movement:	15.84
AROON (14):	85.71
DEMA (21):	23.49
Parabolic SAR (0,02-0,02-0,2):	22.60
Elder Ray (13):	0.99
Super Trend (3,10):	22.60
Zig ZAG (10):	24.33
VORTEX (21):	1.1300
Stochastique (14,3,5):	86.94
TEMA (21):	23.96
Williams %R (14):	-19.01
Chande Momentum Oscillator (20):	1.67
Repulse (5,40,3):	1.2000
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	12.01

MA7:	23.78
MA20:	22.95
MA50:	23.32
MA100:	24.56
MAexp7:	23.81
MAexp20:	23.31
MAexp50:	23.53
MAexp100:	24.20
Price / MA7:	+2.31%
Price / MA20:	+6.01%
Price / MA50:	+4.33%
Price / MA100:	-0.94%
Price / MAexp7:	+2.18%
Price / MAexp20:	+4.38%
Price / MAexp50:	+3.40%
Price / MAexp100:	+0.54%

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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