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 - 15 min. - Technical analysis published on 02/22/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 22.95 USD
My targets
23.13 USD (+0.27%)
23.37 USD (+1.29%)
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 22.95 USD. The buyers' bullish objective is set at 23.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.37 USD. If there is any crossing, the next objective would be the resistance located at 23.55 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 overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5

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:
1H Daily Weekly

Additional analysis

Quotes

The SILVER - USD price is 23.07 USD. The price registered an increase of +0.74% on the session with the lowest point at 22.86 USD and the highest point at 23.16 USD. The deviation from the price is +0.92% for the low point and -0.39% for the high point.

22.86
23.16
23.07

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.51 22.82 23.03 23.07 23.18 23.41 23.88
Change (%) -2.43% -1.08% -0.17% - +0.48% +1.47% +3.51%
Change -0.56 -0.25 -0.04 - +0.11 +0.34 +0.81
Level Minor Major Minor - Major Major Minor



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
Standard22.2922.5322.7122.9523.1323.3723.55
Camarilla22.7922.8222.8622.9022.9422.9823.02
Woodie22.2722.5222.6922.9423.1123.3623.53
Fibonacci22.5322.6922.7922.9523.1123.2123.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.8321.3822.4022.9523.9724.5225.54
Camarilla22.9923.1323.2823.4223.5623.7123.85
Woodie21.0721.5022.6423.0724.2124.6425.78
Fibonacci21.3821.9822.3522.9523.5523.9224.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.6720.8021.8522.9824.0325.1626.21
Camarilla22.3122.5122.7122.9123.1123.3123.51
Woodie19.6420.7821.8222.9624.0025.1426.18
Fibonacci20.8021.6322.1422.9823.8124.3225.16

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): 53.25
MACD (12,26,9): 0.0300
Directional Movement: 4.39
AROON (14): 28.57
DEMA (21): 23.10
Parabolic SAR (0,02-0,02-0,2): 23.13
Elder Ray (13): -0.01
Super Trend (3,10): 23.01
Zig ZAG (10): 23.06
VORTEX (21): 1.1200
Stochastique (14,3,5): 31.67
TEMA (21): 23.10
Williams %R (14): -91.67
Chande Momentum Oscillator (20): -0.08
Repulse (5,40,3): -0.0800
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.37
MA7: 22.95
MA20: 22.77
MA50: 23.13
MA100: 23.14
MAexp7: 23.07
MAexp20: 23.06
MAexp50: 23.01
MAexp100: 22.99
Price / MA7: +0.52%
Price / MA20: +1.32%
Price / MA50: -0.26%
Price / MA100: -0.30%
Price / MAexp7: -0%
Price / MAexp20: +0.04%
Price / MAexp50: +0.26%
Price / MAexp100: +0.35%

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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