SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - 15 min. - Technical analysis published on 05/18/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 30.86 USD

My targets

32.25 USD (+2.36%)

33.00 USD (+4.72%)

My analysis

The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 30.86 USD, you could try to benefit from the boom. The first bullish objective is located at 32.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.00 USD as an objective. Crossing it would then enable buyers to target 34.39 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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

Additional analysis

Quotes

The SILVER - USD rating is 31.51 USD. The price registered an increase of +6.20% on the session with the lowest point at 29.46 USD and the highest point at 31.60 USD. The deviation from the price is +6.96% for the low point and -0.28% for the high point.

29.46

31.60

31.51

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

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of SILVER - USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	28.53	28.76	29.77	31.51	34.99	48.29
Change (%)	-9.46%	-8.73%	-5.52%	-	+11.04%	+53.25%
Change	-2.98	-2.75	-1.74	-	+3.48	+16.78
Level	Major	Intermediate	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.97	28.72	30.11	30.86	32.25	33.00	34.39
Camarilla	30.92	31.12	31.31	31.51	31.71	31.90	32.10
Woodie	28.30	28.88	30.44	31.02	32.58	33.16	34.72
Fibonacci	28.72	29.53	30.04	30.86	31.67	32.18	33.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.47	26.72	29.11	30.36	32.75	34.00	36.39
Camarilla	30.51	30.84	31.18	31.51	31.84	32.18	32.51
Woodie	26.05	27.01	29.69	30.65	33.33	34.29	36.97
Fibonacci	26.72	28.11	28.97	30.36	31.75	32.61	34.00

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):	75.94
MACD (12,26,9):	0.2900
Directional Movement:	20.97
AROON (14):	92.86
DEMA (21):	31.60
Parabolic SAR (0,02-0,02-0,2):	31.60
Elder Ray (13):	0.11
Super Trend (3,10):	31.19
Zig ZAG (10):	31.51
VORTEX (21):	1.3400
Stochastique (14,3,5):	86.07
TEMA (21):	31.63
Williams %R (14):	-14.52
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	3.77

MA7:	29.18
MA20:	27.81
MA50:	26.86
MA100:	24.90
MAexp7:	31.46
MAexp20:	31.21
MAexp50:	30.71
MAexp100:	30.29
Price / MA7:	+7.98%
Price / MA20:	+13.30%
Price / MA50:	+17.31%
Price / MA100:	+26.55%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.96%
Price / MAexp50:	+2.61%
Price / MAexp100:	+4.03%

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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