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 11/13/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

50%

11%

39%

My opinion

Bullish above 30.83 USD

My targets

31.69 USD (+2.05%)

32.06 USD (+3.25%)

My analysis

The strong short-term increase in SILVER - USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 30.83 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 31.69 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 32.06 USD as an objective. Crossing it would then enable buyers to target 32.91 USD. Caution, a return under 30.83 USD could jeopardize the reversal.

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

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 31.05 USD. The price registered an increase of +1.14% on the session and was between 30.66 USD and 31.15 USD. This implies that the price is at +1.27% from its lowest and at -0.32% from its highest.

30.66

31.15

31.05

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

The Central Records scanner for higher/lower results shows an item:

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 bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.18	30.42	30.83	31.05	32.06	32.91	33.67
Change (%)	-2.80%	-2.03%	-0.71%	-	+3.25%	+5.99%	+8.44%
Change	-0.87	-0.63	-0.22	-	+1.01	+1.86	+2.62
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Minor

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	29.67	29.93	30.31	30.57	30.95	31.21	31.59
Camarilla	30.52	30.58	30.64	30.70	30.76	30.82	30.88
Woodie	29.74	29.96	30.38	30.60	31.02	31.24	31.66
Fibonacci	29.93	30.17	30.32	30.57	30.81	30.96	31.21

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.25
MACD (12,26,9):	0.0600
Directional Movement:	2.14
AROON (14):	28.57
DEMA (21):	30.90
Parabolic SAR (0,02-0,02-0,2):	31.02
Elder Ray (13):	0.03
Super Trend (3,10):	30.59
Zig ZAG (10):	30.85
VORTEX (21):	1.1400
Stochastique (14,3,5):	62.50
TEMA (21):	30.98
Williams %R (14):	-47.50
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	-0.2400
ROCnROLL:	2
TRIX (15,9):	0.0300
Courbe Coppock:	1.11

MA7:	31.35
MA20:	32.71
MA50:	31.55
MA100:	30.34
MAexp7:	30.89
MAexp20:	30.83
MAexp50:	30.84
MAexp100:	31.10
Price / MA7:	-0.96%
Price / MA20:	-5.07%
Price / MA50:	-1.58%
Price / MA100:	+2.34%
Price / MAexp7:	+0.52%
Price / MAexp20:	+0.71%
Price / MAexp50:	+0.68%
Price / MAexp100:	-0.16%

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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