SILVER - USD
SILVER - USD
- USD (-)
- Real time data - Gold & Silver Spot
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Commodities
Ticker: XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 12/09/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 17.21 USD
My targets
16.20 USD (-2.41%)
15.74 USD (-5.18%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER as long as the price remains well below 17.21 USD. The sellers” bearish objective is set at 16.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.74 USD. In case of crossing, the next objective would be the support located at 14.76 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The SILVER rating is 16.60 USD. The price registered an increase of +0.18% on the session and was between 16.52 USD and 16.63 USD. This implies that the price is at +0.48% from its lowest and at -0.18% from its highest.

16.52
16.63
16.60

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of SILVER indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


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.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.76 15.74 16.20 16.60 17.21 18.11 19.57
Change (%) -11.08% -5.18% -2.41% - +3.67% +9.10% +17.89%
Change -1.84 -0.86 -0.40 - +0.61 +1.51 +2.97
Level Intermediate Major Minor - Major Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.8816.2016.3916.7116.9017.2217.41
Camarilla16.4316.4816.5216.5716.6216.6616.71
Woodie15.8116.1716.3216.6816.8317.1917.34
Fibonacci16.2016.4016.5216.7116.9117.0317.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.5316.0316.3016.8017.0717.5717.84
Camarilla16.3616.4316.5016.5716.6416.7116.78
Woodie15.4215.9716.1916.7416.9617.5117.73
Fibonacci16.0316.3216.5116.8017.0917.2817.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.7915.7116.3717.2917.9518.8719.53
Camarilla16.5916.7316.8817.0217.1717.3117.45
Woodie14.6515.6516.2317.2317.8118.8119.39
Fibonacci15.7116.3216.6917.2917.9018.2718.87

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): 37.40
MACD (12,26,9): -0.1700
Directional Movement: -4.98
AROON (14): -21.43
DEMA (21): 16.77
Parabolic SAR (0,02-0,02-0,2): 17.28
Elder Ray (13): -0.33
Super Trend (3,10): 17.41
Zig ZAG (10): 16.60
VORTEX (21): 0.9700
Stochastique (14,3,5): 18.25
TEMA (21): 16.72
Williams %R (14): -91.03
Chande Momentum Oscillator (20): -0.51
Repulse (5,40,3): -1.7000
ROCnROLL: 2
TRIX (15,9): -0.1300
Courbe Coppock: 2.10
MA7: 16.87
MA20: 16.96
MA50: 17.34
MA100: 17.42
MAexp7: 16.81
MAexp20: 17.00
MAexp50: 17.21
MAexp100: 17.06
Price / MA7: -1.60%
Price / MA20: -2.12%
Price / MA50: -4.27%
Price / MA100: -4.71%
Price / MAexp7: -1.25%
Price / MAexp20: -2.35%
Price / MAexp50: -3.54%
Price / MAexp100: -2.70%

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

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