SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
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SILVER - USD - 15 min. - Technical analysis published on 05/06/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 26.92 USD

My targets

27.68 USD (+1.43%)

27.73 USD (+1.61%)

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 - USD as long as the price remains well above 26.92 USD. The buyers' bullish objective is set at 27.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.73 USD. If there is any crossing, the next objective would be the resistance located at 28.53 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Additional analysis

Quotes

The SILVER - USD rating is 27.29 USD. The price registered an increase of +2.75% on the session and was between 26.43 USD and 27.43 USD. This implies that the price is at +3.25% from its lowest and at -0.51% from its highest.

26.43

27.43

27.29

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of SILVER - USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.53	26.77	26.97	27.29	27.44	27.59	27.73
Change (%)	-2.78%	-1.91%	-1.17%	-	+0.55%	+1.10%	+1.61%
Change	-0.76	-0.52	-0.32	-	+0.15	+0.30	+0.44
Level	Minor	Minor	Intermediate	-	Intermediate	Intermediate	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	25.40	25.76	26.16	26.52	26.92	27.28	27.68
Camarilla	26.35	26.42	26.49	26.56	26.63	26.70	26.77
Woodie	25.42	25.77	26.18	26.53	26.94	27.29	27.70
Fibonacci	25.76	26.05	26.23	26.52	26.81	26.99	27.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.47	25.24	25.90	26.67	27.33	28.10	28.76
Camarilla	26.17	26.30	26.43	26.56	26.69	26.82	26.95
Woodie	24.42	25.21	25.85	26.64	27.28	28.07	28.71
Fibonacci	25.24	25.79	26.12	26.67	27.22	27.55	28.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.08	21.92	24.13	26.97	29.18	32.02	34.23
Camarilla	24.96	25.42	25.89	26.35	26.81	27.28	27.74
Woodie	18.78	21.76	23.83	26.81	28.88	31.86	33.93
Fibonacci	21.92	23.85	25.04	26.97	28.90	30.09	32.02

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):	69.18
MACD (12,26,9):	0.0800
Directional Movement:	22.37
AROON (14):	35.71
DEMA (21):	27.31
Parabolic SAR (0,02-0,02-0,2):	27.10
Elder Ray (13):	0.11
Super Trend (3,10):	27.10
Zig ZAG (10):	27.35
VORTEX (21):	1.1300
Stochastique (14,3,5):	79.07
TEMA (21):	27.30
Williams %R (14):	-30.23
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.94

MA7:	26.85
MA20:	27.59
MA50:	25.87
MA100:	24.48
MAexp7:	27.28
MAexp20:	27.20
MAexp50:	27.05
MAexp100:	26.89
Price / MA7:	+1.64%
Price / MA20:	-1.09%
Price / MA50:	+5.49%
Price / MA100:	+11.48%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.89%
Price / MAexp100:	+1.49%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on SILVER - USD at the time of the analysis were as follows:

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

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