SILVER - USD - Daily - Technical analysis published on 12/02/2024 (GMT)
- 79
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under
My targets
()
()
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 . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at .
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 30.20 USD. The price is lower by -1.28% since the last closing and was between 30.05 USD and 30.65 USD. This implies that the price is at +0.50% from its lowest and at -1.47% from its highest.30.05
30.65
30.20
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.20 | 28.26 | 29.77 | 30.20 | 32.06 | 33.67 | 34.99 |
| Change (%) | -13.25% | -6.42% | -1.42% | - | +6.16% | +11.49% | +15.86% |
| Change | -4.00 | -1.94 | -0.43 | - | +1.86 | +3.47 | +4.79 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.51 | 29.85 | 30.22 | 30.56 | 30.93 | 31.27 | 31.64 |
| Camarilla | 30.40 | 30.46 | 30.53 | 30.59 | 30.66 | 30.72 | 30.79 |
| Woodie | 29.53 | 29.86 | 30.24 | 30.57 | 30.95 | 31.28 | 31.66 |
| Fibonacci | 29.85 | 30.12 | 30.29 | 30.56 | 30.83 | 31.00 | 31.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.80 | 28.72 | 29.65 | 30.57 | 31.50 | 32.42 | 33.35 |
| Camarilla | 30.08 | 30.25 | 30.42 | 30.59 | 30.76 | 30.93 | 31.10 |
| Woodie | 27.82 | 28.72 | 29.67 | 30.57 | 31.52 | 32.42 | 33.37 |
| Fibonacci | 28.72 | 29.42 | 29.86 | 30.57 | 31.27 | 31.71 | 32.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.62 | 27.62 | 29.11 | 31.11 | 32.60 | 34.60 | 36.09 |
| Camarilla | 29.63 | 29.95 | 30.27 | 30.59 | 30.91 | 31.23 | 31.55 |
| Woodie | 25.36 | 27.49 | 28.85 | 30.98 | 32.34 | 34.47 | 35.83 |
| Fibonacci | 27.62 | 28.96 | 29.78 | 31.11 | 32.45 | 33.27 | 34.60 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.80 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -7.45 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 30.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.41 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 32.52 | |
| Zig ZAG (10): | 30.23 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 37.59 | |
| TEMA (21): | 29.96 | |
| Williams %R (14): | -68.59 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -1.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 4.56 |
| MA7: | 30.43 | |
| MA20: | 30.83 | |
| MA50: | 31.75 | |
| MA100: | 30.37 | |
| MAexp7: | 30.43 | |
| MAexp20: | 30.91 | |
| MAexp50: | 31.14 | |
| MAexp100: | 30.54 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -2.04% | |
| Price / MA50: | -4.88% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | -2.30% | |
| Price / MAexp50: | -3.02% | |
| Price / MAexp100: | -1.11% |
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:
-
Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
-
Silver Technical Analysis for December 09 2016 by FXEmpire.com
-
Silver Technical Analysis for December 08 2016 by FXEmpire.com
-
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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