SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Weekly - Technical analysis published on 11/06/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

56%

11%

33%

My opinion

Bearish under 26.35 USD

My targets

22.65 USD (-6.13%)

20.70 USD (-14.21%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SILVER - USD as long as the price remains well below 26.35 USD. The sellers' bearish objective is set at 22.65 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.70 USD. If there is any crossing, the next objective would be the support located at 17.19 USD.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.4

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 rating is 24.13 USD. The price registered an increase of +0.96% over 5 days and has been traded over the last 5 days between 23.01 USD and 24.16 USD. This implies that the 5 day price is +4.87% from its lowest point and -0.12% from its highest point.

23.01

24.16

24.13

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of SILVER - USD indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being 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 : Weekly

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.70	22.65	24.02	24.13	26.35	29.77	34.99
Change (%)	-14.21%	-6.13%	-0.46%	-	+9.20%	+23.37%	+45.01%
Change	-3.43	-1.48	-0.11	-	+2.22	+5.64	+10.86
Level	Major	Intermediate	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.24	23.43	23.78	23.97	24.32	24.51	24.86
Camarilla	23.98	24.03	24.08	24.13	24.18	24.23	24.28
Woodie	23.32	23.47	23.86	24.01	24.40	24.55	24.94
Fibonacci	23.43	23.64	23.76	23.97	24.18	24.30	24.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.52	23.09	23.49	24.06	24.46	25.03	25.43
Camarilla	23.63	23.72	23.81	23.90	23.99	24.08	24.17
Woodie	22.45	23.05	23.42	24.02	24.39	24.99	25.36
Fibonacci	23.09	23.46	23.69	24.06	24.43	24.66	25.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.46	20.72	22.31	23.57	25.16	26.42	28.01
Camarilla	23.12	23.38	23.64	23.90	24.16	24.42	24.68
Woodie	19.63	20.80	22.48	23.65	25.33	26.50	28.18
Fibonacci	20.72	21.81	22.48	23.57	24.66	25.33	26.42

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):	48.22
MACD (12,26,9):	-0.5700
Directional Movement:	-6.66
AROON (14):	-57.15
DEMA (21):	23.44
Parabolic SAR (0,02-0,02-0,2):	24.83
Elder Ray (13):	-0.27
Super Trend (3,10):	26.17
Zig ZAG (10):	24.13
VORTEX (21):	0.8400
Stochastique (14,3,5):	58.82
TEMA (21):	22.94
Williams %R (14):	-40.96
Chande Momentum Oscillator (20):	0.37
Repulse (5,40,3):	5.3900
ROCnROLL:	1
TRIX (15,9):	-0.3800
Courbe Coppock:	14.08

MA7:	23.88
MA20:	23.72
MA50:	23.39
MA100:	24.22
MAexp7:	23.70
MAexp20:	24.17
MAexp50:	24.35
MAexp100:	22.92
Price / MA7:	+1.05%
Price / MA20:	+1.73%
Price / MA50:	+3.16%
Price / MA100:	-0.37%
Price / MAexp7:	+1.81%
Price / MAexp20:	-0.17%
Price / MAexp50:	-0.90%
Price / MAexp100:	+5.28%

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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