SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 09/12/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

67%

11%

22%

My opinion

Neutral between 18.90 USD and 20.70 USD

My targets

My analysis

The short-term increase on SILVER - USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 20.70 USD. The first support is located at 18.90 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

The SILVER - USD price is 19.79 USD. The price has increased by +5.04% since the last closing and was traded between 18.84 USD and 20.01 USD over the period. The price is currently at +5.04% from its lowest and -1.10% from its highest.

18.84

20.01

19.79

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

Bullish opening

Type : Bullish

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 an element:

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 slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.81	16.62	18.43	19.79	20.70	22.41	24.34
Change (%)	-30.22%	-16.02%	-6.87%	-	+4.60%	+13.24%	+22.99%
Change	-5.98	-3.17	-1.36	-	+0.91	+2.62	+4.55
Level	Major	Minor	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.21	18.38	18.61	18.78	19.01	19.18	19.41
Camarilla	18.73	18.77	18.80	18.84	18.88	18.91	18.95
Woodie	18.24	18.40	18.64	18.80	19.04	19.20	19.44
Fibonacci	18.38	18.53	18.63	18.78	18.93	19.03	19.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.03	17.43	18.14	18.54	19.25	19.65	20.36
Camarilla	18.54	18.64	18.74	18.84	18.94	19.04	19.15
Woodie	17.18	17.51	18.29	18.62	19.40	19.73	20.51
Fibonacci	17.43	17.86	18.12	18.54	18.97	19.23	19.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.94	15.92	16.92	18.90	19.90	21.88	22.88
Camarilla	17.10	17.37	17.65	17.92	18.19	18.47	18.74
Woodie	13.45	15.68	16.43	18.66	19.41	21.64	22.39
Fibonacci	15.92	17.06	17.76	18.90	20.04	20.74	21.88

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):	59.65
MACD (12,26,9):	-0.2400
Directional Movement:	10.93
AROON (14):	50.00
DEMA (21):	18.52
Parabolic SAR (0,02-0,02-0,2):	17.72
Elder Ray (13):	0.66
Super Trend (3,10):	17.76
Zig ZAG (10):	19.78
VORTEX (21):	0.8700
Stochastique (14,3,5):	71.17
TEMA (21):	18.54
Williams %R (14):	-9.35
Chande Momentum Oscillator (20):	0.58
Repulse (5,40,3):	7.6000
ROCnROLL:	1
TRIX (15,9):	-0.2600
Courbe Coppock:	7.47

MA7:	18.56
MA20:	18.83
MA50:	19.23
MA100:	20.49
MAexp7:	18.81
MAexp20:	18.88
MAexp50:	19.48
MAexp100:	20.43
Price / MA7:	+6.63%
Price / MA20:	+5.10%
Price / MA50:	+2.91%
Price / MA100:	-3.42%
Price / MAexp7:	+5.21%
Price / MAexp20:	+4.82%
Price / MAexp50:	+1.59%
Price / MAexp100:	-3.13%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on SILVER - USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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