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 09/23/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

44%

17%

39%

My opinion

Neutral between 18.43 USD and 19.90 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 19.90 USD. The first support is located at 18.43 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.

Technical indicators are bullish in the very short term 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

SILVER - USD rating 19.33 USD. The price is lower by -1.73% since the last closing with the lowest point at 19.28 USD and the highest point at 19.71 USD. The deviation from the price is +0.26% for the low point and -1.93% for the high point.

19.28

19.71

19.33

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

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

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. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

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	19.33	20.70	22.41	24.02
Change (%)	-28.56%	-14.02%	-4.66%	-	+7.09%	+15.93%	+24.26%
Change	-5.52	-2.71	-0.90	-	+1.37	+3.08	+4.69
Level	Major	Minor	Major	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.70	18.97	19.32	19.59	19.94	20.21	20.56
Camarilla	19.50	19.56	19.61	19.67	19.73	19.78	19.84
Woodie	18.74	18.99	19.36	19.61	19.98	20.23	20.60
Fibonacci	18.97	19.21	19.35	19.59	19.83	19.97	20.21

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):	51.21
MACD (12,26,9):	0.0700
Directional Movement:	3.69
AROON (14):	21.42
DEMA (21):	19.23
Parabolic SAR (0,02-0,02-0,2):	18.93
Elder Ray (13):	0.24
Super Trend (3,10):	17.92
Zig ZAG (10):	19.31
VORTEX (21):	1.0200
Stochastique (14,3,5):	75.80
TEMA (21):	19.47
Williams %R (14):	-32.72
Chande Momentum Oscillator (20):	0.86
Repulse (5,40,3):	-1.5300
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	12.68

MA7:	19.40
MA20:	18.89
MA50:	19.30
MA100:	20.18
MAexp7:	19.39
MAexp20:	19.21
MAexp50:	19.46
MAexp100:	20.27
Price / MA7:	-0.36%
Price / MA20:	+2.33%
Price / MA50:	+0.16%
Price / MA100:	-4.21%
Price / MAexp7:	-0.31%
Price / MAexp20:	+0.62%
Price / MAexp50:	-0.67%
Price / MAexp100:	-4.64%

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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