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 12/07/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 22.60 USD
My targets
23.11 USD (+1.54%)
23.52 USD (+3.34%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 22.60 USD. The buyers' bullish objective is set at 23.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.52 USD. If there is any crossing, the next objective would be the resistance located at 24.02 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8

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

Additional analysis

Quotes

The SILVER - USD price is 22.76 USD. The price registered an increase of +2.62% on the session and was between 22.09 USD and 22.82 USD. This implies that the price is at +3.03% from its lowest and at -0.26% from its highest.

22.09
22.82
22.76

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a 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. 85.71% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 21.46 21.92 22.60 22.76 23.11 23.52 24.02
Change (%) -5.71% -3.69% -0.70% - +1.54% +3.34% +5.54%
Change -1.30 -0.84 -0.16 - +0.35 +0.76 +1.26
Level Minor Intermediate Major - Minor Intermediate 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
Standard21.3421.6821.9322.2722.5222.8623.11
Camarilla22.0222.0722.1322.1822.2322.2922.34
Woodie21.3021.6621.8922.2522.4822.8423.07
Fibonacci21.6821.9122.0522.2722.5022.6422.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.2020.0321.5822.4123.9624.7926.34
Camarilla22.4822.6922.9123.1323.3523.5723.79
Woodie19.5620.2121.9422.5924.3224.9726.70
Fibonacci20.0320.9421.5022.4123.3223.8824.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.4017.6219.9821.2023.5624.7827.14
Camarilla21.3721.6922.0222.3522.6823.0123.34
Woodie16.9817.9120.5621.4924.1425.0727.72
Fibonacci17.6218.9819.8321.2022.5623.4124.78

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): 70.24
MACD (12,26,9): 0.1000
Directional Movement: 18.46
AROON (14): 57.14
DEMA (21): 22.56
Parabolic SAR (0,02-0,02-0,2): 22.35
Elder Ray (13): 0.20
Super Trend (3,10): 22.28
Zig ZAG (10): 22.74
VORTEX (21): 1.1700
Stochastique (14,3,5): 79.87
TEMA (21): 22.68
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.45
Repulse (5,40,3): 0.7000
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 3.36
MA7: 22.37
MA20: 21.71
MA50: 20.45
MA100: 19.87
MAexp7: 22.62
MAexp20: 22.47
MAexp50: 22.44
MAexp100: 22.39
Price / MA7: +1.74%
Price / MA20: +4.84%
Price / MA50: +11.30%
Price / MA100: +14.54%
Price / MAexp7: +0.62%
Price / MAexp20: +1.29%
Price / MAexp50: +1.43%
Price / MAexp100: +1.65%

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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