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 04/29/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 23.54 USD

My targets

22.44 USD (-2.60%)

21.96 USD (-4.69%)

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 sellers' bearish objective is set at 22.44 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.96 USD. In case of crossing, the next objective would be the support located at 21.56 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

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 Simon1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER - USD rating 23.04 USD. The price is lower by -0.56% since the last closing and was between 22.93 USD and 23.56 USD. This implies that the price is at +0.48% from its lowest and at -2.21% from its highest.

22.93

23.56

23.04

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong 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:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.56	21.96	22.44	23.04	23.54	24.29	25.32
Change (%)	-6.42%	-4.69%	-2.60%	-	+2.17%	+5.43%	+9.90%
Change	-1.48	-1.08	-0.60	-	+0.50	+1.25	+2.28
Level	Intermediate	Intermediate	Minor	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.45	22.67	22.92	23.14	23.39	23.61	23.86
Camarilla	23.04	23.08	23.13	23.17	23.21	23.26	23.30
Woodie	22.47	22.68	22.94	23.15	23.41	23.62	23.88
Fibonacci	22.67	22.85	22.96	23.14	23.32	23.43	23.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.22	22.64	23.39	24.81	25.56	26.98	27.73
Camarilla	23.55	23.75	23.95	24.15	24.35	24.55	24.75
Woodie	20.90	22.47	23.07	24.64	25.24	26.81	27.41
Fibonacci	22.64	23.47	23.98	24.81	25.64	26.15	26.98

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	30.01
MACD (12,26,9):	-0.4100
Directional Movement:	-13.74
AROON (14):	-57.15
DEMA (21):	23.91
Parabolic SAR (0,02-0,02-0,2):	25.17
Elder Ray (13):	-0.83
Super Trend (3,10):	24.93
Zig ZAG (10):	23.02
VORTEX (21):	0.8600
Stochastique (14,3,5):	5.11
TEMA (21):	23.43
Williams %R (14):	-96.40
Chande Momentum Oscillator (20):	-2.38
Repulse (5,40,3):	-3.6800
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	8.76

MA7:	23.65
MA20:	24.54
MA50:	24.85
MA100:	23.91
MAexp7:	23.64
MAexp20:	24.33
MAexp50:	24.47
MAexp100:	24.30
Price / MA7:	-2.58%
Price / MA20:	-6.11%
Price / MA50:	-7.28%
Price / MA100:	-3.64%
Price / MAexp7:	-2.54%
Price / MAexp20:	-5.30%
Price / MAexp50:	-5.84%
Price / MAexp100:	-5.19%

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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