SILVER
SILVER
16.94 USD (+0.30%)
Real time - Gold & Silver Spot
Open: 16.89
Change: +0.05
Volume: 31,101
Low: 16.84
High: 17.04
High / Low range: 0.20
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - Daily - Technical analysis published on 06/17/2019

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 15.04 USD
My targets
14.76 USD (-0.47%)
14.36 USD (-3.17%)
My analysis
In a bearish trend, the price of SILVER tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 15.04 USD. A bearish break in the support located at 14.76 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 14.36 USD. Then 14.02 USD by extension. It would be safer to wait for a bearish break in the support located at 14.76 USD before allowing yourself to re trade short positions (for sale) on SILVER. PS: if there is a bullish break in the resistance located at 15.04 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The SILVER price is 14.83 USD. On the day, this instrument lost -0.27% and was traded between 14.78 USD and 14.91 USD over the period. The price is currently at +0.34% from its lowest and -0.54% from its highest.

14.78
14.91
14.83

Here is a more detailed summary of the historical variations registered by SILVER:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this SILVER chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.02 14.36 14.76 14.83 15.04 15.26 15.75
Change (%) -5.46% -3.17% -0.47% - +1.42% +2.90% +6.20%
Change -0.81 -0.47 -0.07 - +0.21 +0.43 +0.92
Level Minor Minor Major - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.4214.6114.7414.9315.0615.2515.38
Camarilla14.7814.8114.8414.8714.9014.9314.96
Woodie14.3914.6014.7114.9115.0315.2315.35
Fibonacci14.6114.7314.8114.9315.0515.1315.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.1714.4114.6414.8815.1115.3515.58
Camarilla14.7414.7814.8314.8714.9114.9615.00
Woodie14.1614.4114.6414.8815.1015.3515.57
Fibonacci14.4114.5914.7014.8815.0615.1715.35

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): 53.13
MACD (12,26,9): 0.0300
Directional Movement: 10.79
AROON (14): 57.14
DEMA (21): 14.78
Parabolic SAR (0,02-0,02-0,2): 14.74
Elder Ray (13): 0.055
Super Trend (3,10): 14.38
Zig ZAG (10): 14.83
VORTEX (21): 1.0900
Stochastique (14,3,5): 67.29
TEMA (21): 14.88
Williams %R (14): -38.75
Chande Momentum Oscillator (20): 0.31
Repulse (5,40,3): -0.4000
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 4.62
MA7: 14.85
MA20: 14.69
MA50: 14.81
MA100: 15.17
MAexp7: 14.83
MAexp20: 14.77
MAexp50: 14.84
MAexp100: 14.97
Price / MA7: -0.13%
Price / MA20: +0.95%
Price / MA50: +0.14%
Price / MA100: -2.24%
Price / MAexp7: -0%
Price / MAexp20: +0.41%
Price / MAexp50: -0.07%
Price / MAexp100: -0.94%

News


The last news published on SILVER at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related instrument.

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