SILVER - USD - 15 min. - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 23.41 USD
My targets
23.16 USD (-0.25%)
22.86 USD (-1.56%)
My analysis
SILVER - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 23.41 USD. The next support located at 23.16 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.86 USD. Below this support, sellers could then target 22.61 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The SILVER - USD price is 23.22 USD. On the day, this instrument lost -1.07% and was between 23.13 USD and 23.53 USD. This implies that the price is at +0.39% from its lowest and at -1.32% from its highest.23.13
23.53
23.22
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of SILVER - USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.68 | 23.10 | 23.20 | 23.22 | 23.32 | 23.64 | 23.88 |
| Change (%) | -10.94% | -0.52% | -0.09% | - | +0.43% | +1.81% | +2.84% |
| Change | -2.54 | -0.12 | -0.02 | - | +0.10 | +0.42 | +0.66 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.61 | 22.86 | 23.16 | 23.41 | 23.71 | 23.96 | 24.26 |
| Camarilla | 23.32 | 23.37 | 23.42 | 23.47 | 23.52 | 23.57 | 23.62 |
| Woodie | 22.65 | 22.87 | 23.20 | 23.42 | 23.75 | 23.97 | 24.30 |
| Fibonacci | 22.86 | 23.07 | 23.20 | 23.41 | 23.62 | 23.75 | 23.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.47 | 22.89 | 23.36 | 23.78 | 24.25 | 24.67 | 25.14 |
| Camarilla | 23.58 | 23.66 | 23.74 | 23.82 | 23.90 | 23.98 | 24.07 |
| Woodie | 22.49 | 22.90 | 23.38 | 23.79 | 24.27 | 24.68 | 25.16 |
| Fibonacci | 22.89 | 23.23 | 23.44 | 23.78 | 24.12 | 24.33 | 24.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.19 | 22.37 | 23.72 | 24.90 | 26.25 | 27.43 | 28.78 |
| Camarilla | 24.36 | 24.60 | 24.83 | 25.06 | 25.29 | 25.52 | 25.76 |
| Woodie | 21.27 | 22.41 | 23.80 | 24.94 | 26.33 | 27.47 | 28.86 |
| Fibonacci | 22.37 | 23.34 | 23.94 | 24.90 | 25.87 | 26.47 | 27.43 |
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): | 25.60 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -18.60 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 23.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.42 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 23.43 | |
| Zig ZAG (10): | 23.23 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 17.04 | |
| TEMA (21): | 23.25 | |
| Williams %R (14): | -71.05 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.23 |
| MA7: | 23.59 | |
| MA20: | 24.58 | |
| MA50: | 24.32 | |
| MA100: | 23.38 | |
| MAexp7: | 23.26 | |
| MAexp20: | 23.34 | |
| MAexp50: | 23.39 | |
| MAexp100: | 23.42 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | -5.53% | |
| Price / MA50: | -4.52% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -0.85% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
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Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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