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 09/20/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

67%

33%

My opinion

Neutral between 18.43 USD and 19.90 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 19.90 USD. The first support is located at 18.43 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by SILVER - USD.

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 19.28 USD. The price is lower by -1.33% since the last closing and was traded between 19.06 USD and 19.58 USD over the period. The price is currently at +1.15% from its lowest and -1.53% from its highest.

19.06

19.58

19.28

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.62	18.43	19.26	19.28	20.70	22.41	24.02
Change (%)	-13.80%	-4.41%	-0.10%	-	+7.37%	+16.23%	+24.59%
Change	-2.66	-0.85	-0.02	-	+1.42	+3.13	+4.74
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

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	18.85	19.03	19.29	19.47	19.73	19.91	20.17
Camarilla	19.42	19.46	19.50	19.54	19.58	19.62	19.66
Woodie	18.88	19.05	19.32	19.49	19.76	19.93	20.20
Fibonacci	19.03	19.20	19.31	19.47	19.64	19.75	19.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.67	18.22	18.90	19.45	20.13	20.68	21.36
Camarilla	19.23	19.35	19.46	19.57	19.68	19.80	19.91
Woodie	17.73	18.25	18.96	19.48	20.19	20.71	21.42
Fibonacci	18.22	18.69	18.98	19.45	19.92	20.21	20.68

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):	51.43
MACD (12,26,9):	0.0100
Directional Movement:	-0.01
AROON (14):	50.00
DEMA (21):	19.06
Parabolic SAR (0,02-0,02-0,2):	18.62
Elder Ray (13):	0.17
Super Trend (3,10):	17.92
Zig ZAG (10):	19.28
VORTEX (21):	1.0300
Stochastique (14,3,5):	77.78
TEMA (21):	19.28
Williams %R (14):	-29.67
Chande Momentum Oscillator (20):	1.24
Repulse (5,40,3):	0.6200
ROCnROLL:	-1
TRIX (15,9):	-0.1100
Courbe Coppock:	9.14

MA7:	19.46
MA20:	18.82
MA50:	19.26
MA100:	20.27
MAexp7:	19.29
MAexp20:	19.12
MAexp50:	19.46
MAexp100:	20.31
Price / MA7:	-0.92%
Price / MA20:	+2.44%
Price / MA50:	+0.10%
Price / MA100:	-4.88%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.84%
Price / MAexp50:	-0.92%
Price / MAexp100:	-5.07%

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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