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

SILVER - USD - Daily - Technical analysis published on 09/17/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
61%
0%
39%
My opinion
Bullish above 18.90 USD
My targets
19.90 USD (+1.69%)
20.70 USD (+5.77%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SILVER - USD as long as the price remains well above 18.90 USD. The buyers' bullish objective is set at 19.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.70 USD. If there is any crossing, the next objective would be the resistance located at 22.41 USD.

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
0
10
3

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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 price is 19.57 USD. The price has increased by +3.16% since the last closing with the lowest point at 18.78 USD and the highest point at 19.62 USD. The deviation from the price is +4.21% for the low point and -0.25% for the high point.

18.78
19.62
19.57

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this SILVER - USD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily



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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.81 16.62 18.43 19.57 20.70 22.41 24.02
Change (%) -29.43% -15.07% -5.83% - +5.77% +14.51% +22.74%
Change -5.76 -2.95 -1.14 - +1.13 +2.84 +4.45
Level Major Minor Major - Major Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.1918.4819.0319.3219.8720.1620.71
Camarilla19.3419.4219.4919.5719.6519.7219.80
Woodie18.3118.5519.1519.3919.9920.2320.83
Fibonacci18.4818.8019.0019.3219.6419.8420.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.6718.2218.9019.4520.1320.6821.36
Camarilla19.2319.3519.4619.5719.6819.8019.91
Woodie17.7318.2518.9619.4820.1920.7121.42
Fibonacci18.2218.6918.9819.4519.9220.2120.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.9415.9216.9218.9019.9021.8822.88
Camarilla17.1017.3717.6517.9218.1918.4718.74
Woodie13.4515.6816.4318.6619.4121.6422.39
Fibonacci15.9217.0617.7618.9020.0420.7421.88

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): 54.78
MACD (12,26,9): -0.0400
Directional Movement: 1.74
AROON (14): 50.00
DEMA (21): 18.92
Parabolic SAR (0,02-0,02-0,2): 18.37
Elder Ray (13): 0.14
Super Trend (3,10): 17.92
Zig ZAG (10): 19.57
VORTEX (21): 0.9400
Stochastique (14,3,5): 75.07
TEMA (21): 19.12
Williams %R (14): -17.89
Chande Momentum Oscillator (20): 1.65
Repulse (5,40,3): 3.0500
ROCnROLL: -1
TRIX (15,9): -0.1600
Courbe Coppock: 4.50
MA7: 19.26
MA20: 18.79
MA50: 19.24
MA100: 20.33
MAexp7: 19.21
MAexp20: 19.05
MAexp50: 19.47
MAexp100: 20.35
Price / MA7: +1.61%
Price / MA20: +4.15%
Price / MA50: +1.72%
Price / MA100: -3.74%
Price / MAexp7: +1.87%
Price / MAexp20: +2.73%
Price / MAexp50: +0.51%
Price / MAexp100: -3.83%

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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