SILVER - USD
30.42
USD
(-0.49%)
01/21/2025 - 01:46
Open Real time data - Gold & Silver Spot
Open: | 30.57 |
Change: | -0.15 |
Volume: | 4,494 |
Low: | 30.19 |
High: | 30.61 |
High / Low range: | 0.42 |
Type: | Commodities |
Ticker: | XAGUSD |
ISIN: |
SILVER - USD - Weekly - Technical analysis published on 08/05/2024 (GMT)
- 196
- 0
- 08/05/2024 - 00:07
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- Timeframe : Weekly
- - Analysis generated on 08/05/2024 - 00:07
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 26.20 USD
My targets
29.77 USD (+4.75%)
32.06 USD (+12.81%)
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 26.20 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 32.06 USD. If there is any crossing, the next objective would be the resistance located at 34.99 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 28.42 USD. The price registered an increase of +1.72% over 5 days and has been traded over the last 5 days between 27.94 USD and 29.22 USD. This implies that the 5 day price is +1.72% from its lowest point and -2.74% from its highest point.27.94
29.22
28.42
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in Weekly shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 21.92 | 24.31 | 26.20 | 28.42 | 28.59 | 29.77 | 32.06 |
Change (%) | -22.87% | -14.46% | -7.81% | - | +0.60% | +4.75% | +12.81% |
Change | -6.50 | -4.11 | -2.22 | - | +0.17 | +1.35 | +3.64 |
Level | Major | Minor | Major | - | Major | Intermediate | Major |
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 | 28.23 | 28.34 | 28.42 | 28.53 | 28.61 | 28.72 | 28.80 |
Camarilla | 28.46 | 28.48 | 28.49 | 28.51 | 28.53 | 28.55 | 28.56 |
Woodie | 28.23 | 28.33 | 28.42 | 28.52 | 28.61 | 28.71 | 28.80 |
Fibonacci | 28.34 | 28.41 | 28.45 | 28.53 | 28.60 | 28.64 | 28.72 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.58 | 26.45 | 27.49 | 28.36 | 29.40 | 30.27 | 31.31 |
Camarilla | 28.02 | 28.19 | 28.37 | 28.54 | 28.72 | 28.89 | 29.07 |
Woodie | 25.68 | 26.49 | 27.59 | 28.40 | 29.50 | 30.31 | 31.41 |
Fibonacci | 26.45 | 27.18 | 27.63 | 28.36 | 29.09 | 29.54 | 30.27 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.55 | 24.93 | 26.99 | 29.37 | 31.43 | 33.81 | 35.87 |
Camarilla | 27.83 | 28.24 | 28.64 | 29.05 | 29.46 | 29.86 | 30.27 |
Woodie | 22.39 | 24.85 | 26.83 | 29.29 | 31.27 | 33.73 | 35.71 |
Fibonacci | 24.93 | 26.63 | 27.67 | 29.37 | 31.07 | 32.11 | 33.81 |
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): | 53.40 | |
MACD (12,26,9): | 1.0500 | |
Directional Movement: | 5.80 | |
AROON (14): | 21.43 | |
DEMA (21): | 29.91 | |
Parabolic SAR (0,02-0,02-0,2): | 31.74 | |
Elder Ray (13): | -0.36 | |
Super Trend (3,10): | 25.60 | |
Zig ZAG (10): | 28.54 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 34.50 | |
TEMA (21): | 29.97 | |
Williams %R (14): | -65.19 | |
Chande Momentum Oscillator (20): | -2.95 | |
Repulse (5,40,3): | -2.5900 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.7900 | |
Courbe Coppock: | 12.02 |
MA7: | 28.46 | |
MA20: | 29.33 | |
MA50: | 29.70 | |
MA100: | 28.74 | |
MAexp7: | 29.00 | |
MAexp20: | 28.37 | |
MAexp50: | 26.46 | |
MAexp100: | 24.96 | |
Price / MA7: | -0.14% | |
Price / MA20: | -3.10% | |
Price / MA50: | -4.31% | |
Price / MA100: | -1.11% | |
Price / MAexp7: | -2.00% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | +7.41% | |
Price / MAexp100: | +13.86% |
Quotes :
08/05/2024 - 00:07
-
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:
- 12/10/2016 - 04:59 Silver Prices forecast for the week of December 12 2016, Technical Analysis
- 12/10/2016 - 04:59 Silver Technical Analysis for December 12 2016 by FXEmpire.com
- 12/09/2016 - 04:56 Silver Technical Analysis for December 09 2016 by FXEmpire.com
- 12/08/2016 - 04:44 Silver Technical Analysis for December 08 2016 by FXEmpire.com
- 12/07/2016 - 04:47 Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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