SILVER
SILVER
17.87 USD (+0.56%)
Real time - Gold & Silver Spot
Open: 17.77
Change: +0.10
Volume: 10,883
Low: 17.74
High: 18.04
High / Low range: 0.30
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - 1H - Technical analysis published on 06/24/2019

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  • Timeframe : 1H
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 15.29 USD
My targets
15.39 USD (+0.20%)
15.56 USD (+1.30%)
My analysis
A bullish trend on SILVER both in substance and in the short term. A purchase could be considered as long as the price remains above 15.29 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 15.39 USD. Then the price could move towards 15.56 USD. Then 15.75 USD by extension. Be careful, a return below 15.29 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

Quotes

The SILVER rating is 15.36 USD. The price has increased by +0.13% since the last closing and was traded between 15.32 USD and 15.44 USD over the period. The price is currently at +0.26% from its lowest and -0.52% from its highest.

15.32
15.44
15.36

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



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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SILVER in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.03 15.16 15.29 15.36 15.39 15.56 15.75
Change (%) -2.15% -1.30% -0.46% - +0.20% +1.30% +2.54%
Change -0.33 -0.20 -0.07 - +0.03 +0.20 +0.39
Level Major Intermediate Minor - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.7514.9515.1515.3515.5515.7515.95
Camarilla15.2315.2715.3015.3415.3815.4115.45
Woodie14.7414.9515.1415.3515.5415.7515.94
Fibonacci14.9515.1115.2015.3515.5115.6015.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.1114.4514.8915.2315.6716.0116.45
Camarilla15.1315.2015.2715.3415.4115.4815.55
Woodie14.1714.4814.9515.2615.7316.0316.51
Fibonacci14.4514.7414.9315.2315.5215.7116.01

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): 51.45
MACD (12,26,9): 0.0000
Directional Movement: 7.04
AROON (14): 57.14
DEMA (21): 15.36
Parabolic SAR (0,02-0,02-0,2): 15.25
Elder Ray (13): 0
Super Trend (3,10): 15.49
Zig ZAG (10): 15.35
VORTEX (21): 1.0700
Stochastique (14,3,5): 54.31
TEMA (21): 15.35
Williams %R (14): -52.94
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): -0.2200
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.66
MA7: 15.14
MA20: 14.87
MA50: 14.82
MA100: 15.14
MAexp7: 15.35
MAexp20: 15.35
MAexp50: 15.32
MAexp100: 15.22
Price / MA7: +1.45%
Price / MA20: +3.30%
Price / MA50: +3.64%
Price / MA100: +1.45%
Price / MAexp7: +0.07%
Price / MAexp20: +0.07%
Price / MAexp50: +0.26%
Price / MAexp100: +0.92%

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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