SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - 1H - Technical analysis published on 11/11/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 32.06 USD

My targets

30.83 USD (-1.50%)

29.77 USD (-4.89%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 32.06 USD. The sellers' bearish objective is set at 30.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.77 USD. In case of crossing, the next objective would be the support located at 26.20 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.3

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 price is 31.30 USD. The price registered a decrease of -0.03% on the session and was between 31.10 USD and 31.42 USD. This implies that the price is at +0.64% from its lowest and at -0.38% from its highest.

31.10

31.42

31.30

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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

Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

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	29.77	30.83	31.30	31.32	32.06	32.91
Change (%)	-16.29%	-4.89%	-1.50%	-	+0.06%	+2.43%	+5.14%
Change	-5.10	-1.53	-0.47	-	+0.02	+0.76	+1.61
Level	Major	Intermediate	Intermediate	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.15	30.67	30.99	31.51	31.83	32.35	32.67
Camarilla	31.08	31.16	31.23	31.31	31.39	31.46	31.54
Woodie	30.05	30.62	30.89	31.46	31.73	32.30	32.57
Fibonacci	30.67	30.99	31.19	31.51	31.83	32.03	32.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.36	29.60	30.45	31.69	32.54	33.78	34.63
Camarilla	30.74	30.93	31.12	31.31	31.50	31.69	31.89
Woodie	28.18	29.50	30.27	31.59	32.36	33.68	34.45
Fibonacci	29.60	30.40	30.89	31.69	32.49	32.98	33.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.49	27.80	30.24	32.55	34.99	37.30	39.74
Camarilla	31.36	31.80	32.24	32.67	33.11	33.54	33.98
Woodie	25.55	27.83	30.30	32.58	35.05	37.33	39.80
Fibonacci	27.80	29.62	30.74	32.55	34.37	35.49	37.30

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.61
MACD (12,26,9):	-0.0800
Directional Movement:	-3.49
AROON (14):	-21.43
DEMA (21):	31.24
Parabolic SAR (0,02-0,02-0,2):	31.12
Elder Ray (13):	-0.03
Super Trend (3,10):	31.68
Zig ZAG (10):	31.29
VORTEX (21):	0.9500
Stochastique (14,3,5):	58.82
TEMA (21):	31.22
Williams %R (14):	-31.25
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.3100
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.85

MA7:	31.90
MA20:	32.82
MA50:	31.46
MA100:	30.31
MAexp7:	31.27
MAexp20:	31.35
MAexp50:	31.48
MAexp100:	31.76
Price / MA7:	-1.88%
Price / MA20:	-4.63%
Price / MA50:	-0.51%
Price / MA100:	+3.27%
Price / MAexp7:	+0.10%
Price / MAexp20:	-0.16%
Price / MAexp50:	-0.57%
Price / MAexp100:	-1.45%

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.

About author

Londinia AI

Online

Overall rating :

15266

Number of analyses :

85323

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…