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 04/15/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 23.52 USD

My targets

26.35 USD (+2.81%)

29.77 USD (+16.15%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on SILVER - USD. This is a positive signal for buyers. As long as the price remains above 23.52 USD, a purchase could be considered. The first bullish objective is located at 26.35 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.77 USD as an objective. Crossing it would then enable buyers to target 34.99 USD. In the event of a return below 23.52 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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 Smurph77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER - USD rating is 25.63 USD. The price registered an increase of +3.47% over 5 days and was traded between 24.68 USD and 25.87 USD over the period. The price is currently at +3.85% from its lowest point and -0.93% from its highest point.

24.68

25.87

25.63

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

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 several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.81	16.62	20.70	25.63	26.35	29.77	34.99
Change (%)	-46.12%	-35.15%	-19.24%	-	+2.81%	+16.15%	+36.52%
Change	-11.82	-9.01	-4.93	-	+0.72	+4.14	+9.36
Level	Intermediate	Minor	Major	-	Major	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	24.91	25.12	25.40	25.61	25.89	26.10	26.38
Camarilla	25.54	25.58	25.63	25.67	25.72	25.76	25.81
Woodie	24.94	25.14	25.43	25.63	25.92	26.12	26.41
Fibonacci	25.12	25.31	25.43	25.61	25.80	25.92	26.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.45	23.78	24.28	24.61	25.11	25.44	25.94
Camarilla	24.54	24.62	24.69	24.77	24.85	24.92	25.00
Woodie	23.53	23.82	24.36	24.65	25.19	25.48	26.02
Fibonacci	23.78	24.10	24.30	24.61	24.93	25.13	25.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.54	22.26	23.52	25.24	26.50	28.22	29.48
Camarilla	23.97	24.24	24.52	24.79	25.06	25.34	25.61
Woodie	20.32	22.15	23.30	25.13	26.28	28.11	29.26
Fibonacci	22.26	23.40	24.10	25.24	26.38	27.08	28.22

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):	57.55
MACD (12,26,9):	0.3700
Directional Movement:	9.10
AROON (14):	64.29
DEMA (21):	24.72
Parabolic SAR (0,02-0,02-0,2):	23.77
Elder Ray (13):	0.65
Super Trend (3,10):	25.90
Zig ZAG (10):	25.63
VORTEX (21):	1.0000
Stochastique (14,3,5):	61.11
TEMA (21):	25.28
Williams %R (14):	-26.67
Chande Momentum Oscillator (20):	1.32
Repulse (5,40,3):	4.6500
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	19.37

MA7:	25.09
MA20:	24.98
MA50:	24.68
MA100:	23.75
MAexp7:	25.00
MAexp20:	24.39
MAexp50:	24.20
MAexp100:	23.33
Price / MA7:	+2.15%
Price / MA20:	+2.60%
Price / MA50:	+3.85%
Price / MA100:	+7.92%
Price / MAexp7:	+2.52%
Price / MAexp20:	+5.08%
Price / MAexp50:	+5.91%
Price / MAexp100:	+9.86%

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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