SILVER - EUR

- EUR (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAGEUR
ISIN:

SILVER - EUR - Daily - Technical analysis published on 01/21/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

My opinion

Bullish above 21.00 EUR

My targets

22.13 EUR (+2.98%)

22.62 EUR (+5.26%)

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 - EUR as long as the price remains well above 21.00 EUR. The buyers' bullish objective is set at 22.13 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.62 EUR. If there is any crossing, the next objective would be the resistance located at 23.06 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

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:

Additional analysis

Quotes

The SILVER - EUR price is 21.49 EUR. The price is lower by -0.28% since the last closing and was traded between 21.42 EUR and 21.67 EUR over the period. The price is currently at +0.33% from its lowest and -0.83% from its highest.

21.42

21.67

21.49

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on SILVER - EUR were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this SILVER - EUR chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong 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.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.66	20.49	21.00	21.49	21.58	22.13	22.62
Change (%)	-8.52%	-4.65%	-2.28%	-	+0.42%	+2.98%	+5.26%
Change	-1.83	-1.00	-0.49	-	+0.09	+0.64	+1.13
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Minor

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
Standard	20.62	20.90	21.23	21.51	21.84	22.12	22.45
Camarilla	21.38	21.44	21.49	21.55	21.61	21.66	21.72
Woodie	20.64	20.91	21.25	21.52	21.86	22.13	22.47
Fibonacci	20.90	21.14	21.28	21.51	21.75	21.89	22.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.94	19.26	19.69	20.01	20.44	20.76	21.19
Camarilla	19.91	19.98	20.05	20.12	20.19	20.26	20.33
Woodie	19.00	19.29	19.75	20.04	20.50	20.79	21.25
Fibonacci	19.26	19.55	19.72	20.01	20.30	20.47	20.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.84	18.44	19.47	20.07	21.10	21.70	22.73
Camarilla	20.04	20.19	20.34	20.49	20.64	20.79	20.94
Woodie	18.05	18.55	19.68	20.18	21.31	21.81	22.94
Fibonacci	18.44	19.07	19.45	20.07	20.70	21.08	21.70

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.83
MACD (12,26,9):	0.2500
Directional Movement:	20.65
AROON (14):	64.29
DEMA (21):	20.73
Parabolic SAR (0,02-0,02-0,2):	19.67
Elder Ray (13):	0.91
Super Trend (3,10):	20.23
Zig ZAG (10):	21.48
VORTEX (21):	1.1600
Stochastique (14,3,5):	90.52
TEMA (21):	21.03
Williams %R (14):	-12.66
Chande Momentum Oscillator (20):	1.35
Repulse (5,40,3):	2.9700
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	6.04

MA7:	20.77
MA20:	20.36
MA50:	20.39
MA100:	20.27
MAexp7:	20.94
MAexp20:	20.49
MAexp50:	20.37
MAexp100:	20.47
Price / MA7:	+3.47%
Price / MA20:	+5.55%
Price / MA50:	+5.39%
Price / MA100:	+6.02%
Price / MAexp7:	+2.63%
Price / MAexp20:	+4.88%
Price / MAexp50:	+5.50%
Price / MAexp100:	+4.98%

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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