SILVER - USD
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 09/21/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 19.26 USD
My targets
19.90 USD (+1.53%)
20.70 USD (+5.61%)
My analysis
The current short-term bullish acceleration on SILVER - USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 19.26 USD. Short-term buyers will use the resistance located at 19.90 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 20.70 USD. Crossing this resistance would then open the door for buyers to target 22.41 USD. Caution, if there is a return to under 19.26 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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

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:
15 min. 1H Weekly

Additional analysis

Quotes

SILVER - USD rating 19.60 USD. On the day, this instrument gained +1.61% with the lowest point at 19.24 USD and the highest point at 19.92 USD. The deviation from the price is +1.87% for the low point and -1.61% for the high point.

19.24
19.92
19.60

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


Technical analysis of SILVER - USD in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.62 18.43 19.26 19.60 20.70 22.41 24.02
Change (%) -15.20% -5.97% -1.73% - +5.61% +14.34% +22.55%
Change -2.98 -1.17 -0.34 - +1.10 +2.81 +4.42
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
Standard18.5218.7919.0419.3119.5619.8320.08
Camarilla19.1519.2019.2419.2919.3419.3919.43
Woodie18.5118.7919.0319.3119.5519.8320.07
Fibonacci18.7918.9919.1119.3119.5119.6319.83


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): 54.95
MACD (12,26,9): 0.0500
Directional Movement: 4.20
AROON (14): 50.00
DEMA (21): 19.15
Parabolic SAR (0,02-0,02-0,2): 18.73
Elder Ray (13): 0.37
Super Trend (3,10): 17.92
Zig ZAG (10): 19.61
VORTEX (21): 1.0400
Stochastique (14,3,5): 78.05
TEMA (21): 19.40
Williams %R (14): -17.94
Chande Momentum Oscillator (20): 1.39
Repulse (5,40,3): 1.7800
ROCnROLL: -1
TRIX (15,9): -0.0800
Courbe Coppock: 11.64
MA7: 19.42
MA20: 18.85
MA50: 19.27
MA100: 20.24
MAexp7: 19.37
MAexp20: 19.17
MAexp50: 19.47
MAexp100: 20.30
Price / MA7: +0.93%
Price / MA20: +3.98%
Price / MA50: +1.71%
Price / MA100: -3.16%
Price / MAexp7: +1.19%
Price / MAexp20: +2.24%
Price / MAexp50: +0.67%
Price / MAexp100: -3.45%

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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