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 10/17/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 18.87 USD

My targets

17.83 USD (-3.20%)

16.41 USD (-10.93%)

My analysis

The bearish trend is currently very strong for SILVER - USD. As long as the price remains below the resistance at 18.87 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.83 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.41 USD as an objective. Crossing it would then enable sellers to target 13.81 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER - USD rating 18.42 USD. The price registered an increase of +0.77% on the session with the lowest point at 18.23 USD and the highest point at 18.46 USD. The deviation from the price is +1.04% for the low point and -0.22% for the high point.

18.23

18.46

18.42

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

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	12.11	13.81	17.83	18.42	20.70	22.41	24.02
Change (%)	-34.26%	-25.03%	-3.20%	-	+12.38%	+21.66%	+30.40%
Change	-6.31	-4.61	-0.59	-	+2.28	+3.99	+5.60
Level	Minor	Major	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	16.89	17.49	17.88	18.48	18.87	19.47	19.86
Camarilla	18.01	18.10	18.19	18.28	18.37	18.46	18.55
Woodie	16.80	17.44	17.79	18.43	18.78	19.42	19.77
Fibonacci	17.49	17.87	18.10	18.48	18.86	19.09	19.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.40	16.74	17.51	18.85	19.62	20.96	21.73
Camarilla	17.70	17.89	18.09	18.28	18.47	18.67	18.86
Woodie	15.12	16.60	17.23	18.71	19.34	20.82	21.45
Fibonacci	16.74	17.55	18.04	18.85	19.66	20.15	20.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.26	16.41	17.72	18.87	20.18	21.33	22.64
Camarilla	18.36	18.59	18.82	19.04	19.27	19.49	19.72
Woodie	15.35	16.45	17.81	18.91	20.27	21.37	22.73
Fibonacci	16.41	17.35	17.93	18.87	19.81	20.39	21.33

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):	40.73
MACD (12,26,9):	-0.1000
Directional Movement:	-14.09
AROON (14):	28.57
DEMA (21):	19.21
Parabolic SAR (0,02-0,02-0,2):	21.06
Elder Ray (13):	-0.86
Super Trend (3,10):	20.44
Zig ZAG (10):	18.42
VORTEX (21):	0.9600
Stochastique (14,3,5):	17.07
TEMA (21):	19.10
Williams %R (14):	-85.98
Chande Momentum Oscillator (20):	-0.48
Repulse (5,40,3):	-3.3700
ROCnROLL:	2
TRIX (15,9):	0.0800
Courbe Coppock:	1.50

MA7:	19.07
MA20:	19.37
MA50:	19.27
MA100:	19.81
MAexp7:	18.96
MAexp20:	19.27
MAexp50:	19.41
MAexp100:	20.01
Price / MA7:	-3.41%
Price / MA20:	-4.90%
Price / MA50:	-4.41%
Price / MA100:	-7.02%
Price / MAexp7:	-2.85%
Price / MAexp20:	-4.41%
Price / MAexp50:	-5.10%
Price / MAexp100:	-7.95%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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