SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 04/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

33%

50%

My opinion

Bullish above 26.20 USD

My targets

27.87 USD (+3.22%)

28.53 USD (+5.67%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SILVER - USD. As long as you are above the support located at 26.20 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 27.87 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 28.53 USD as an objective. Crossing it would then enable buyers to target 29.77 USD. If the support 26.20 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.7

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 KUNAL JAGANI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER - USD rating is 27.00 USD. The price is lower by -1.14% since the last closing and was traded between 26.77 USD and 27.37 USD over the period. The price is currently at +0.86% from its lowest and -1.35% from its highest.

26.77

27.37

27.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.02	24.45	26.20	27.00	27.87	28.53	29.77
Change (%)	-18.44%	-9.44%	-2.96%	-	+3.22%	+5.67%	+10.26%
Change	-4.98	-2.55	-0.80	-	+0.87	+1.53	+2.77
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.10	26.10	26.71	27.71	28.32	29.32	29.93
Camarilla	26.87	27.02	27.16	27.31	27.46	27.61	27.75
Woodie	24.90	26.00	26.51	27.61	28.12	29.22	29.73
Fibonacci	26.10	26.72	27.10	27.71	28.33	28.71	29.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.39	26.99	27.83	28.43	29.27	29.87	30.71
Camarilla	28.28	28.42	28.55	28.68	28.81	28.94	29.08
Woodie	26.52	27.05	27.96	28.49	29.40	29.93	30.84
Fibonacci	26.99	27.54	27.88	28.43	28.98	29.32	29.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.77	21.14	23.05	24.42	26.33	27.70	29.61
Camarilla	24.07	24.37	24.67	24.97	25.27	25.57	25.87
Woodie	20.05	21.28	23.33	24.56	26.61	27.84	29.89
Fibonacci	21.14	22.39	23.16	24.42	25.67	26.44	27.70

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):	51.95
MACD (12,26,9):	0.8300
Directional Movement:	7.98
AROON (14):	50.00
DEMA (21):	28.36
Parabolic SAR (0,02-0,02-0,2):	29.75
Elder Ray (13):	-0.53
Super Trend (3,10):	26.08
Zig ZAG (10):	26.98
VORTEX (21):	1.1200
Stochastique (14,3,5):	42.91
TEMA (21):	28.44
Williams %R (14):	-80.11
Chande Momentum Oscillator (20):	-0.51
Repulse (5,40,3):	-5.2400
ROCnROLL:	-1
TRIX (15,9):	0.5800
Courbe Coppock:	15.60

MA7:	28.07
MA20:	27.17
MA50:	25.12
MA100:	24.20
MAexp7:	27.76
MAexp20:	27.19
MAexp50:	25.76
MAexp100:	24.76
Price / MA7:	-3.81%
Price / MA20:	-0.63%
Price / MA50:	+7.48%
Price / MA100:	+11.57%
Price / MAexp7:	-2.74%
Price / MAexp20:	-0.70%
Price / MAexp50:	+4.81%
Price / MAexp100:	+9.05%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on SILVER - USD. 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 financial instrument.

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