SILVER - USD

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- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Weekly - Technical analysis published on 06/14/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 16.83 USD

My targets

18.58 USD (+6.23%)

19.57 USD (+11.89%)

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 as long as the price remains well above 16.83 USD. The buyers” bullish objective is set at 18.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.57 USD. If there is any crossing, the next objective would be the resistance located at 20.70 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.9

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 IJD Holdings. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER rating 17.49 USD. The price is up +0.40% over 5 days and was traded between 17.38 USD and 18.19 USD over the period. The price is currently at +0.63% from its lowest point and -3.85% from its highest point.

17.38

18.19

17.49

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of SILVER indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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 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:

Dark cloud cover

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.86	15.65	17.21	17.49	18.58	19.57	20.70
Change (%)	-20.75%	-10.52%	-1.60%	-	+6.23%	+11.89%	+18.35%
Change	-3.63	-1.84	-0.28	-	+1.09	+2.08	+3.21
Level	Major	Major	Major	-	Major	Minor	Intermediate

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	16.74	17.11	17.37	17.74	18.00	18.37	18.63
Camarilla	17.46	17.52	17.57	17.63	17.69	17.75	17.80
Woodie	16.69	17.08	17.32	17.71	17.95	18.34	18.58
Fibonacci	17.11	17.35	17.50	17.74	17.98	18.13	18.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.78	16.49	16.96	17.67	18.14	18.85	19.32
Camarilla	17.10	17.20	17.31	17.42	17.53	17.64	17.75
Woodie	15.65	16.43	16.83	17.61	18.01	18.79	19.19
Fibonacci	16.49	16.94	17.22	17.67	18.12	18.40	18.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.54	13.63	15.74	16.83	18.94	20.03	22.14
Camarilla	16.98	17.27	17.57	17.86	18.15	18.45	18.74
Woodie	13.06	13.89	16.26	17.09	19.46	20.29	22.66
Fibonacci	13.63	14.85	15.60	16.83	18.05	18.80	20.03

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):	56.39
MACD (12,26,9):	0.0700
Directional Movement:	5.70
AROON (14):	78.57
DEMA (21):	16.47
Parabolic SAR (0,02-0,02-0,2):	12.81
Elder Ray (13):	1.21
Super Trend (3,10):	14.22
Zig ZAG (10):	17.49
VORTEX (21):	0.9900
Stochastique (14,3,5):	85.82
TEMA (21):	16.60
Williams %R (14):	-13.31
Chande Momentum Oscillator (20):	4.91
Repulse (5,40,3):	0.6000
ROCnROLL:	1
TRIX (15,9):	-0.2400
Courbe Coppock:	4.06

MA7:	17.64
MA20:	17.53
MA50:	16.17
MA100:	16.31
MAexp7:	16.90
MAexp20:	16.49
MAexp50:	16.47
MAexp100:	16.34
Price / MA7:	-0.85%
Price / MA20:	-0.23%
Price / MA50:	+8.16%
Price / MA100:	+7.23%
Price / MAexp7:	+3.49%
Price / MAexp20:	+6.06%
Price / MAexp50:	+6.19%
Price / MAexp100:	+7.04%

Quotes : 2020-06-12 20:59:59 - Real time data - Gold & Silver Spot

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 financial instrument.

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