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 01/05/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

56%

My opinion

Bearish under 23.54 USD

My targets

21.96 USD (-4.56%)

20.70 USD (-10.04%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 23.54 USD remains possible. It is advisable to trade SILVER - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23.54 USD. The next bearish objective for sellers is set at 21.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.70 USD. In case of crossing, the next objective would be the support located at 16.12 USD. PS: if there is a bullish break in the resistance located at 23.54 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

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 Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER - USD rating 23.01 USD. On the day, this instrument lost -0.17% and was between 22.85 USD and 23.07 USD. This implies that the price is at +0.70% from its lowest and at -0.26% from its highest.

22.85

23.07

23.01

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SILVER - USD:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SILVER - USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.12	20.70	21.96	23.01	23.03	23.54	25.33
Change (%)	-29.94%	-10.04%	-4.56%	-	+0.09%	+2.30%	+10.08%
Change	-6.89	-2.31	-1.05	-	+0.02	+0.53	+2.32
Level	Minor	Major	Intermediate	-	Minor	Minor	Intermediate

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	22.30	22.47	22.76	22.93	23.22	23.39	23.68
Camarilla	22.92	22.97	23.01	23.05	23.09	23.13	23.18
Woodie	22.36	22.50	22.82	22.96	23.28	23.42	23.74
Fibonacci	22.47	22.65	22.75	22.93	23.11	23.21	23.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.95	22.27	22.79	23.11	23.63	23.95	24.47
Camarilla	23.08	23.16	23.23	23.31	23.39	23.46	23.54
Woodie	22.05	22.32	22.89	23.16	23.73	24.00	24.57
Fibonacci	22.27	22.59	22.79	23.11	23.43	23.63	23.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.00	20.71	22.01	22.72	24.02	24.73	26.03
Camarilla	22.76	22.94	23.13	23.31	23.49	23.68	23.86
Woodie	20.30	20.86	22.31	22.87	24.32	24.88	26.33
Fibonacci	20.71	21.48	21.95	22.72	23.49	23.96	24.73

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):	51.81
MACD (12,26,9):	0.0000
Directional Movement:	-4.47
AROON (14):	57.14
DEMA (21):	22.82
Parabolic SAR (0,02-0,02-0,2):	23.41
Elder Ray (13):	0.06
Super Trend (3,10):	23.37
Zig ZAG (10):	23.02
VORTEX (21):	1.0600
Stochastique (14,3,5):	72.89
TEMA (21):	23.01
Williams %R (14):	-30.95
Chande Momentum Oscillator (20):	0.76
Repulse (5,40,3):	1.0400
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	6.84

MA7:	23.03
MA20:	22.64
MA50:	23.34
MA100:	23.35
MAexp7:	22.99
MAexp20:	22.88
MAexp50:	23.11
MAexp100:	23.55
Price / MA7:	-0.09%
Price / MA20:	+1.63%
Price / MA50:	-1.41%
Price / MA100:	-1.46%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.57%
Price / MAexp50:	-0.43%
Price / MAexp100:	-2.29%

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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