SILVER - USD
7,876.36
USD
(+1.10%)
04/01/2025 - 15:35
Closed Real time data - Gold & Silver Spot
| Open: | 7,837.45 |
| Change: | +85.65 |
| Volume: | 3,998,551 |
| Low: | 7,814.73 |
| High: | 7,884.35 |
| High / Low range: | 69.62 |
| Type: | Commodities |
| Ticker: | XAGUSD |
| ISIN: |
SILVER - USD - 1H - Technical analysis published on 12/17/2024 (GMT)
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- 12/17/2024 - 14:47
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- Timeframe : 1H
- - Analysis generated on 12/17/2024 - 14:47
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 30.46 USD
My targets
29.77 USD (-1.65%)
28.26 USD (-6.64%)
My analysis
SILVER - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 30.46 USD. The next support located at 29.77 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 28.26 USD. Below this support, sellers could then target 26.20 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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 Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 30.27 USD. The price registered a decrease of -0.82% on the session and was between 30.17 USD and 30.61 USD. This implies that the price is at +0.33% from its lowest and at -1.11% from its highest.30.17
30.61
30.27
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.20 | 28.26 | 29.77 | 30.27 | 30.29 | 30.46 | 30.87 |
| Change (%) | -13.45% | -6.64% | -1.65% | - | +0.07% | +0.63% | +1.98% |
| Change | -4.07 | -2.01 | -0.50 | - | +0.02 | +0.19 | +0.60 |
| Level | Major | Intermediate | 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 | 30.10 | 30.28 | 30.40 | 30.58 | 30.70 | 30.88 | 31.00 |
| Camarilla | 30.44 | 30.47 | 30.49 | 30.52 | 30.55 | 30.58 | 30.60 |
| Woodie | 30.07 | 30.27 | 30.37 | 30.57 | 30.67 | 30.87 | 30.97 |
| Fibonacci | 30.28 | 30.40 | 30.47 | 30.58 | 30.70 | 30.77 | 30.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.74 | 29.02 | 29.79 | 31.07 | 31.84 | 33.12 | 33.89 |
| Camarilla | 30.01 | 30.19 | 30.38 | 30.57 | 30.76 | 30.95 | 31.13 |
| Woodie | 27.50 | 28.89 | 29.55 | 30.94 | 31.60 | 32.99 | 33.65 |
| Fibonacci | 29.02 | 29.80 | 30.28 | 31.07 | 31.85 | 32.33 | 33.12 |
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): | 41.13 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -10.18 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 30.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.17 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 30.64 | |
| Zig ZAG (10): | 30.30 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 21.41 | |
| TEMA (21): | 30.25 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.68 |
| MA7: | 31.14 | |
| MA20: | 30.89 | |
| MA50: | 31.64 | |
| MA100: | 30.60 | |
| MAexp7: | 30.28 | |
| MAexp20: | 30.39 | |
| MAexp50: | 30.59 | |
| MAexp100: | 30.85 | |
| Price / MA7: | -2.79% | |
| Price / MA20: | -2.01% | |
| Price / MA50: | -4.33% | |
| Price / MA100: | -1.08% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -1.91% |
Quotes :
12/17/2024 - 14:47
-
Real time data
-
Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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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