SILVER - USD - 1H - Technical analysis published on 12/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 30.52 USD
My targets
30.90 USD (+0.49%)
31.31 USD (+1.82%)
My analysis
The basic bullish trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 30.52 USD. Crossing the first resistance at 30.90 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 31.31 USD as an objective. Crossing it would then enable buyers to target 31.48 USD. Caution, a return to below 30.52 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7
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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
The SILVER - USD rating is 30.75 USD. The price has increased by +0.49% since the last closing and was traded between 30.46 USD and 31.08 USD over the period. The price is currently at +0.95% from its lowest and -1.06% from its highest.30.46
31.08
30.75
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SILVER - USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 30.38 | 30.52 | 30.68 | 30.75 | 30.90 | 31.31 | 31.48 |
Change (%) | -1.20% | -0.75% | -0.23% | - | +0.49% | +1.82% | +2.37% |
Change | -0.37 | -0.23 | -0.07 | - | +0.15 | +0.56 | +0.73 |
Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 29.58 | 29.81 | 30.21 | 30.44 | 30.84 | 31.07 | 31.47 |
Camarilla | 30.43 | 30.49 | 30.54 | 30.60 | 30.66 | 30.72 | 30.77 |
Woodie | 29.66 | 29.85 | 30.29 | 30.48 | 30.92 | 31.11 | 31.55 |
Fibonacci | 29.81 | 30.05 | 30.20 | 30.44 | 30.68 | 30.83 | 31.07 |
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): | 65.75 | |
MACD (12,26,9): | 0.1400 | |
Directional Movement: | 18.53 | |
AROON (14): | 85.71 | |
DEMA (21): | 30.94 | |
Parabolic SAR (0,02-0,02-0,2): | 30.69 | |
Elder Ray (13): | 0.18 | |
Super Trend (3,10): | 30.58 | |
Zig ZAG (10): | 31.00 | |
VORTEX (21): | 1.2300 | |
Stochastique (14,3,5): | 80.59 | |
TEMA (21): | 31.02 | |
Williams %R (14): | -11.29 | |
Chande Momentum Oscillator (20): | 0.48 | |
Repulse (5,40,3): | 0.3400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 2.83 |
MA7: | 30.43 | |
MA20: | 30.77 | |
MA50: | 31.73 | |
MA100: | 30.37 | |
MAexp7: | 30.92 | |
MAexp20: | 30.76 | |
MAexp50: | 30.59 | |
MAexp100: | 30.53 | |
Price / MA7: | +1.05% | |
Price / MA20: | -0.06% | |
Price / MA50: | -3.09% | |
Price / MA100: | +1.25% | |
Price / MAexp7: | -0.55% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | +0.52% | |
Price / MAexp100: | +0.72% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis was as follows:
-
Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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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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