16.63 USD (-0.18%)
Real time - Gold & Silver Spot
Open: 16.66
Change: -0.03
Volume: 4,407
Low: 16.59
High: 16.67
High / Low range: 0.08
Type: Commodities
Ticker: XAGUSD

SILVER - 1H - Technical analysis published on 06/18/2019

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  • Timeframe : 1H

Summary of the analysis

Court terme: Bullish
De fond: Bullish
Technical indicators
My opinion
Bullish above 14.86 USD
My targets
15.00 USD (+0.27%)
15.04 USD (+0.53%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SILVER as long as the price remains well above 14.86 USD. The buyers” bullish objective is set at 15.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.04 USD. If there is any crossing, the next objective would be the resistance located at 15.15 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Complete this analysis for another time unit:
15 min. Daily 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


SILVER rating 14.96 USD. The price registered an increase of +0.81% on the session and was between 14.80 USD and 15.03 USD. This implies that the price is at +1.08% from its lowest and at -0.47% from its highest.


Here is a more detailed summary of the historical variations registered by SILVER:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Technical analysis of SILVER in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks


Type : Neutral

Timeframe : 1 hour


ProTrendLines 14.69 14.76 14.86 14.96 15.00 15.04 15.15
Change (%) -1.80% -1.34% -0.67% - +0.27% +0.53% +1.27%
Change -0.27 -0.20 -0.10 - +0.04 +0.08 +0.19
Level Minor Major Major - Minor Major Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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): 64.92
MACD (12,26,9): 0.0200
Directional Movement: 21.72
AROON (14): 78.57
DEMA (21): 14.92
Parabolic SAR (0,02-0,02-0,2): 14.86
Elder Ray (13): 0.06
Super Trend (3,10): 14.86
Zig ZAG (10): 14.95
VORTEX (21): 1.1300
Stochastique (14,3,5): 79.37
TEMA (21): 14.95
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.09
Repulse (5,40,3): 0.0900
TRIX (15,9): 0.0100
Courbe Coppock: 1.16
MA7: 14.84
MA20: 14.71
MA50: 14.80
MA100: 15.16
MAexp7: 14.94
MAexp20: 14.90
MAexp50: 14.88
MAexp100: 14.87
Price / MA7: +0.81%
Price / MA20: +1.70%
Price / MA50: +1.08%
Price / MA100: -1.32%
Price / MAexp7: +0.13%
Price / MAexp20: +0.40%
Price / MAexp50: +0.54%
Price / MAexp100: +0.61%


Don"t forget to follow the news on SILVER. At the time of publication of this analysis, the latest news was as follows:

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

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