SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - 1H - Technical analysis published on 06/28/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 28.85 USD

My targets

29.34 USD (+0.27%)

29.77 USD (+1.74%)

My analysis

SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 28.85 USD. The next resistance located at 29.34 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.77 USD. After this resistance, buyers could then target 30.02 USD.

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

5.9

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 Sk1965. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER - USD rating is 29.26 USD. The price registered an increase of +0.86% on the session and was between 28.77 USD and 29.31 USD. This implies that the price is at +1.70% from its lowest and at -0.17% from its highest.

28.77

29.31

29.26

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 Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being 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, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.20	28.53	28.85	29.26	29.34	29.77	30.02
Change (%)	-10.46%	-2.49%	-1.40%	-	+0.27%	+1.74%	+2.60%
Change	-3.06	-0.73	-0.41	-	+0.08	+0.51	+0.76
Level	Major	Major	Intermediate	-	Major	Minor	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	28.16	28.42	28.72	28.98	29.28	29.54	29.84
Camarilla	28.86	28.91	28.96	29.01	29.06	29.11	29.16
Woodie	28.17	28.43	28.73	28.99	29.29	29.55	29.85
Fibonacci	28.42	28.64	28.77	28.98	29.20	29.33	29.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.76	27.84	28.69	29.77	30.62	31.70	32.55
Camarilla	29.01	29.19	29.36	29.54	29.72	29.89	30.07
Woodie	26.65	27.78	28.58	29.71	30.51	31.64	32.44
Fibonacci	27.84	28.58	29.03	29.77	30.51	30.96	31.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.26	23.14	26.77	29.65	33.28	36.16	39.79
Camarilla	28.62	29.22	29.81	30.41	31.01	31.60	32.20
Woodie	20.65	23.33	27.16	29.84	33.67	36.35	40.18
Fibonacci	23.14	25.62	27.16	29.65	32.13	33.67	36.16

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):	63.54
MACD (12,26,9):	0.0800
Directional Movement:	14.05
AROON (14):	57.14
DEMA (21):	29.16
Parabolic SAR (0,02-0,02-0,2):	28.86
Elder Ray (13):	0.16
Super Trend (3,10):	28.91
Zig ZAG (10):	29.24
VORTEX (21):	1.1200
Stochastique (14,3,5):	87.97
TEMA (21):	29.23
Williams %R (14):	-12.96
Chande Momentum Oscillator (20):	0.28
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.36

MA7:	29.38
MA20:	29.62
MA50:	29.22
MA100:	27.08
MAexp7:	29.17
MAexp20:	29.06
MAexp50:	29.02
MAexp100:	29.14
Price / MA7:	-0.41%
Price / MA20:	-1.22%
Price / MA50:	+0.14%
Price / MA100:	+8.05%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.69%
Price / MAexp50:	+0.83%
Price / MAexp100:	+0.41%

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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