SILVER - USD - 15 min. - Technical analysis published on 02/19/2024 (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:
Bearish
Underlying:
Slightly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 23.24 USD
My targets
22.97 USD (-0.64%)
22.53 USD (-2.56%)
My analysis
The basic trend is currently slightly bearish on SILVER - USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 23.24 USD, sales could be favoured. The first bearish objective would be located at 22.97 USD. Sellers would then use the next support located at 22.53 USD as an objective. Crossing it would then enable sellers to target 22.26 USD. A return to above the resistance at 23.24 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
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
0
10
0.9
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Additional analysis
Quotes
The SILVER - USD price is 23.12 USD. On the day, this instrument lost -1.28% with the lowest point at 23.02 USD and the highest point at 23.46 USD. The deviation from the price is +0.43% for the low point and -1.45% for the high point.23.02
23.46
23.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
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 this 15 min. chart of SILVER - USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.72 | 22.82 | 23.08 | 23.12 | 23.20 | 23.55 | 24.30 |
| Change (%) | -1.73% | -1.30% | -0.17% | - | +0.35% | +1.86% | +5.10% |
| Change | -0.40 | -0.30 | -0.04 | - | +0.08 | +0.43 | +1.18 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 22.26 | 22.53 | 22.97 | 23.24 | 23.68 | 23.95 | 24.39 |
| Camarilla | 23.23 | 23.29 | 23.36 | 23.42 | 23.49 | 23.55 | 23.62 |
| Woodie | 22.36 | 22.57 | 23.07 | 23.28 | 23.78 | 23.99 | 24.49 |
| Fibonacci | 22.53 | 22.80 | 22.97 | 23.24 | 23.51 | 23.68 | 23.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.83 | 21.38 | 22.40 | 22.95 | 23.97 | 24.52 | 25.54 |
| Camarilla | 22.99 | 23.13 | 23.28 | 23.42 | 23.56 | 23.71 | 23.85 |
| Woodie | 21.07 | 21.50 | 22.64 | 23.07 | 24.21 | 24.64 | 25.78 |
| Fibonacci | 21.38 | 21.98 | 22.35 | 22.95 | 23.55 | 23.92 | 24.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.67 | 20.80 | 21.85 | 22.98 | 24.03 | 25.16 | 26.21 |
| Camarilla | 22.31 | 22.51 | 22.71 | 22.91 | 23.11 | 23.31 | 23.51 |
| Woodie | 19.64 | 20.78 | 21.82 | 22.96 | 24.00 | 25.14 | 26.18 |
| Fibonacci | 20.80 | 21.63 | 22.14 | 22.98 | 23.81 | 24.32 | 25.16 |
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): | 54.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.32 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 23.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.08 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 23.19 | |
| Zig ZAG (10): | 23.14 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 23.14 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 22.75 | |
| MA20: | 22.73 | |
| MA50: | 23.12 | |
| MA100: | 23.09 | |
| MAexp7: | 23.13 | |
| MAexp20: | 23.13 | |
| MAexp50: | 23.15 | |
| MAexp100: | 23.13 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +1.72% | |
| Price / MA50: | -0% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.04% |
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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