SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Weekly - Technical analysis published on 10/26/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 20.70 USD

My targets

17.83 USD (-8.80%)

15.26 USD (-21.93%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 20.70 USD. The next bearish objective for sellers is set at 17.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.26 USD. If there is any crossing, the next objective would be the support located at 13.81 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

4.1

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

Additional analysis

Quotes

The SILVER - USD price is 19.55 USD. Over 5 days, this instrument gained +6.25% and was traded between 18.78 USD and 19.68 USD over the period. The price is currently at +4.10% from its lowest point and -0.66% from its highest point.

18.78

19.68

19.55

Here is a more detailed summary of the historical variations registered by SILVER - USD:

Technical

Technical analysis of this Weekly chart of SILVER - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

In fact, only 8 technical indicators out of 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.11	13.81	17.83	19.55	20.70	24.02	26.47
Change (%)	-38.06%	-29.36%	-8.80%	-	+5.88%	+22.86%	+35.40%
Change	-7.44	-5.74	-1.72	-	+1.15	+4.47	+6.92
Level	Minor	Major	Major	-	Major	Intermediate	Major

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	18.28	18.53	18.93	19.18	19.58	19.83	20.23
Camarilla	19.15	19.21	19.27	19.33	19.39	19.45	19.51
Woodie	18.36	18.57	19.01	19.22	19.66	19.87	20.31
Fibonacci	18.53	18.78	18.93	19.18	19.43	19.58	19.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.41	17.81	18.61	19.01	19.81	20.21	21.01
Camarilla	19.07	19.18	19.29	19.40	19.51	19.62	19.73
Woodie	17.60	17.91	18.80	19.11	20.00	20.31	21.20
Fibonacci	17.81	18.27	18.56	19.01	19.47	19.76	20.21

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):	46.93
MACD (12,26,9):	-0.8000
Directional Movement:	-3.74
AROON (14):	35.71
DEMA (21):	18.69
Parabolic SAR (0,02-0,02-0,2):	17.77
Elder Ray (13):	-0.22
Super Trend (3,10):	22.18
Zig ZAG (10):	19.59
VORTEX (21):	0.9100
Stochastique (14,3,5):	41.37
TEMA (21):	18.67
Williams %R (14):	-45.80
Chande Momentum Oscillator (20):	-0.33
Repulse (5,40,3):	3.5600
ROCnROLL:	-1
TRIX (15,9):	-0.6900
Courbe Coppock:	7.32

MA7:	19.05
MA20:	19.41
MA50:	19.10
MA100:	19.60
MAexp7:	19.27
MAexp20:	19.85
MAexp50:	21.32
MAexp100:	21.93
Price / MA7:	+2.62%
Price / MA20:	+0.72%
Price / MA50:	+2.36%
Price / MA100:	-0.26%
Price / MAexp7:	+1.45%
Price / MAexp20:	-1.51%
Price / MAexp50:	-8.30%
Price / MAexp100:	-10.85%

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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