SILVER - USD
SILVER - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
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High / Low range: -
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 01/12/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 23.54 USD
My targets
21.96 USD (-3.35%)
20.70 USD (-8.89%)
My analysis
All elements being clearly 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 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. If there is any crossing, the next objective would be the support located at 16.11 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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
0
10
4.3

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:
15 min. 1H Weekly

Additional analysis

Quotes

The SILVER - USD rating is 22.72 USD. The price is lower by -0.13% since the last closing and was traded between 22.64 USD and 22.85 USD over the period. The price is currently at +0.35% from its lowest and -0.57% from its highest.

22.64
22.85
22.72

Here is a more detailed summary of the historical variations registered by SILVER - USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



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


S3S2S1PriceR1R2R3
ProTrendLines 16.11 20.70 21.96 22.72 23.54 25.32 26.35
Change (%) -29.09% -8.89% -3.35% - +3.61% +11.44% +15.98%
Change -6.61 -2.02 -0.76 - +0.82 +2.60 +3.63
Level Minor Major Major - Minor Intermediate Major



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
Standard22.1922.3222.5422.6722.8923.0223.24
Camarilla22.6522.6922.7222.7522.7822.8122.85
Woodie22.2322.3422.5822.6922.9323.0423.28
Fibonacci22.3222.4622.5422.6722.8122.8923.02


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.2821.1221.7422.5823.2024.0424.66
Camarilla21.9722.1022.2422.3722.5022.6422.77
Woodie20.1821.0721.6422.5323.1023.9924.56
Fibonacci21.1221.6722.0222.5823.1323.4824.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.0020.7122.0122.7224.0224.7326.03
Camarilla22.7622.9423.1323.3123.4923.6823.86
Woodie20.3020.8622.3122.8724.3224.8826.33
Fibonacci20.7121.4821.9522.7223.4923.9624.73

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): 48.66
MACD (12,26,9): -0.0900
Directional Movement: -4.51
AROON (14): -57.14
DEMA (21): 22.60
Parabolic SAR (0,02-0,02-0,2): 23.11
Elder Ray (13): 0.06
Super Trend (3,10): 23.37
Zig ZAG (10): 22.71
VORTEX (21): 1.1000
Stochastique (14,3,5): 47.30
TEMA (21): 22.68
Williams %R (14): -47.97
Chande Momentum Oscillator (20): -0.33
Repulse (5,40,3): 0.8700
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 0.29
MA7: 22.62
MA20: 22.73
MA50: 23.20
MA100: 23.29
MAexp7: 22.66
MAexp20: 22.73
MAexp50: 22.99
MAexp100: 23.45
Price / MA7: +0.44%
Price / MA20: -0.04%
Price / MA50: -2.07%
Price / MA100: -2.45%
Price / MAexp7: +0.26%
Price / MAexp20: -0.04%
Price / MAexp50: -1.17%
Price / MAexp100: -3.11%

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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