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 01/24/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 23.70 USD
My targets
23.21 USD (-1.32%)
22.75 USD (-3.27%)
My analysis
The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 23.70 USD. Crossing the first support at 23.21 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 22.75 USD as an objective. Crossing it would then enable sellers to target 20.68 USD. Caution, a return to above the resistance located at 23.70 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The SILVER - USD rating is 23.52 USD. On the day, this instrument gained +0.47% and was traded between 23.21 USD and 23.74 USD over the period. The price is currently at +1.34% from its lowest and -0.93% from its highest.

23.21
23.74
23.52

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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SILVER - USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

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 under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

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 22.75 23.21 23.49 23.52 23.70 24.02 24.17
Change (%) -3.27% -1.32% -0.13% - +0.77% +2.13% +2.76%
Change -0.77 -0.31 -0.03 - +0.18 +0.50 +0.65
Level Minor Intermediate Intermediate - Minor Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.3122.0322.7223.4424.1324.8525.54
Camarilla23.0223.1523.2823.4123.5423.6723.80
Woodie21.3022.0222.7123.4324.1224.8425.53
Fibonacci22.0322.5722.9023.4423.9824.3124.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.8922.5323.2323.8724.5725.2125.91
Camarilla23.5623.6823.8123.9324.0524.1824.30
Woodie21.9222.5523.2623.8924.6025.2325.94
Fibonacci22.5323.0423.3623.8724.3824.7025.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.2721.1522.5523.4324.8325.7127.11
Camarilla23.3323.5423.7523.9624.1724.3824.59
Woodie20.5421.2822.8223.5625.1025.8427.38
Fibonacci21.1522.0222.5623.4324.3024.8425.71

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 46.42
MACD (12,26,9): -0.0300
Directional Movement: -12.81
AROON (14): -28.57
DEMA (21): 23.50
Parabolic SAR (0,02-0,02-0,2): 23.72
Elder Ray (13): -0.17
Super Trend (3,10): 23.81
Zig ZAG (10): 23.47
VORTEX (21): 0.9800
Stochastique (14,3,5): 25.35
TEMA (21): 23.52
Williams %R (14): -47.17
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): 0.2100
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.62
MA7: 23.77
MA20: 23.77
MA50: 23.06
MA100: 21.34
MAexp7: 23.50
MAexp20: 23.53
MAexp50: 23.61
MAexp100: 23.68
Price / MA7: -1.05%
Price / MA20: -1.05%
Price / MA50: +1.99%
Price / MA100: +10.22%
Price / MAexp7: +0.09%
Price / MAexp20: -0.04%
Price / MAexp50: -0.38%
Price / MAexp100: -0.68%

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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