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 - 1H - Technical analysis published on 10/03/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 19.92 USD
My targets
20.70 USD (+2.22%)
20.90 USD (+3.20%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.92 USD. The next resistance located at 20.70 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.90 USD. After this resistance, buyers could then target 22.41 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1

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 Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SILVER - USD price is 20.25 USD. The price has increased by +6.36% since the last closing and was between 19.00 USD and 20.27 USD. This implies that the price is at +6.58% from its lowest and at -0.10% from its highest.

19.00
20.27
20.25

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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 : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.43 19.71 19.92 20.25 20.70 22.41 24.02
Change (%) -4.05% -2.67% -1.63% - +2.22% +10.67% +18.62%
Change -0.82 -0.54 -0.33 - +0.45 +2.16 +3.77
Level Minor Minor Intermediate - 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
Standard18.2618.5118.7819.0319.3019.5519.82
Camarilla18.9018.9518.9919.0419.0919.1419.18
Woodie18.2618.5218.7819.0419.3019.5619.82
Fibonacci18.5118.7118.8419.0319.2319.3619.55


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.9117.4318.2418.7619.5720.0920.90
Camarilla18.6718.8018.9219.0419.1619.2819.41
Woodie17.0517.5018.3818.8319.7120.1621.04
Fibonacci17.4317.9418.2618.7619.2719.5920.09


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.2616.4117.7218.8720.1821.3322.64
Camarilla18.3618.5918.8219.0419.2719.4919.72
Woodie15.3516.4517.8118.9120.2721.3722.73
Fibonacci16.4117.3517.9318.8719.8120.3921.33

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): 78.60
MACD (12,26,9): 0.1900
Directional Movement: 42.25
AROON (14): 92.86
DEMA (21): 19.58
Parabolic SAR (0,02-0,02-0,2): 19.25
Elder Ray (13): 0.48
Super Trend (3,10): 19.34
Zig ZAG (10): 20.17
VORTEX (21): 1.1600
Stochastique (14,3,5): 89.75
TEMA (21): 19.68
Williams %R (14): -3.45
Chande Momentum Oscillator (20): 0.90
Repulse (5,40,3): 4.4900
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 4.90
MA7: 18.94
MA20: 19.09
MA50: 19.33
MA100: 20.03
MAexp7: 19.61
MAexp20: 19.36
MAexp50: 19.12
MAexp100: 18.98
Price / MA7: +6.92%
Price / MA20: +6.08%
Price / MA50: +4.76%
Price / MA100: +1.10%
Price / MAexp7: +3.26%
Price / MAexp20: +4.60%
Price / MAexp50: +5.91%
Price / MAexp100: +6.69%

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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