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 07/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 28.72 USD

My targets

29.77 USD (+1.57%)

30.05 USD (+2.52%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 28.72 USD. The buyers' bullish objective is set at 29.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.05 USD. If there is any crossing, the next objective would be the resistance located at 30.54 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

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

Additional analysis

Quotes

SILVER - USD rating 29.31 USD. On the day, this instrument gained +0.38% with the lowest point at 29.07 USD and the highest point at 29.45 USD. The deviation from the price is +0.83% for the low point and -0.48% for the high point.

29.07

29.45

29.31

Here is a more detailed summary of the historical variations registered by SILVER - USD:

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

Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.20	28.72	29.30	29.31	29.77	30.05	30.54
Change (%)	-10.61%	-2.01%	-0.03%	-	+1.57%	+2.52%	+4.20%
Change	-3.11	-0.59	-0.01	-	+0.46	+0.74	+1.23
Level	Major	Major	Minor	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.18	28.43	28.81	29.06	29.44	29.69	30.07
Camarilla	29.03	29.09	29.14	29.20	29.26	29.32	29.37
Woodie	28.26	28.46	28.89	29.09	29.52	29.72	30.15
Fibonacci	28.43	28.67	28.82	29.06	29.30	29.45	29.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.70	27.28	28.26	29.84	30.82	32.40	33.38
Camarilla	28.53	28.76	29.00	29.23	29.47	29.70	29.93
Woodie	25.39	27.13	27.95	29.69	30.51	32.25	33.07
Fibonacci	27.28	28.26	28.87	29.84	30.82	31.43	32.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.98	26.77	27.96	29.75	30.94	32.73	33.92
Camarilla	28.32	28.59	28.87	29.14	29.41	29.69	29.96
Woodie	24.67	26.62	27.65	29.60	30.63	32.58	33.61
Fibonacci	26.77	27.91	28.62	29.75	30.89	31.60	32.73

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):	54.04
MACD (12,26,9):	0.0500
Directional Movement:	3.52
AROON (14):	85.72
DEMA (21):	29.31
Parabolic SAR (0,02-0,02-0,2):	29.17
Elder Ray (13):	0.01
Super Trend (3,10):	28.99
Zig ZAG (10):	29.27
VORTEX (21):	1.0400
Stochastique (14,3,5):	66.34
TEMA (21):	29.34
Williams %R (14):	-47.37
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	-0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.53

MA7:	29.74
MA20:	30.14
MA50:	30.21
MA100:	28.41
MAexp7:	29.29
MAexp20:	29.25
MAexp50:	29.22
MAexp100:	29.43
Price / MA7:	-1.45%
Price / MA20:	-2.75%
Price / MA50:	-2.98%
Price / MA100:	+3.17%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.31%
Price / MAexp100:	-0.41%

Quotes : - Real time data - Gold & Silver Spot

News

The last news published on SILVER - USD 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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