SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 12/18/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 31.11 USD

My targets

29.77 USD (-2.27%)

28.26 USD (-7.22%)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on SILVER - USD as long as the price remains well below 31.11 USD. The next bearish objective for sellers is set at 29.77 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 28.26 USD. In case of crossing, the next objective would be the support located at 26.20 USD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

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 Mark Thomer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SILVER - USD rating 30.46 USD. The price is lower by -0.16% since the last closing and was between 30.45 USD and 30.58 USD. This implies that the price is at +0.03% from its lowest and at -0.39% from its highest.

30.45

30.58

30.46

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SILVER - USD in Daily shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.20	28.26	29.77	30.46	32.06	33.67	34.99
Change (%)	-13.99%	-7.22%	-2.27%	-	+5.25%	+10.54%	+14.87%
Change	-4.26	-2.20	-0.69	-	+1.60	+3.21	+4.53
Level	Major	Intermediate	Intermediate	-	Major	Minor	Major

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	29.78	29.96	30.24	30.42	30.70	30.88	31.16
Camarilla	30.38	30.43	30.47	30.51	30.55	30.59	30.64
Woodie	29.82	29.99	30.28	30.45	30.74	30.91	31.20
Fibonacci	29.96	30.14	30.25	30.42	30.60	30.71	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):	43.63
MACD (12,26,9):	-0.1600
Directional Movement:	-9.42
AROON (14):	71.43
DEMA (21):	30.77
Parabolic SAR (0,02-0,02-0,2):	32.30
Elder Ray (13):	-0.37
Super Trend (3,10):	32.52
Zig ZAG (10):	30.50
VORTEX (21):	0.9600
Stochastique (14,3,5):	28.18
TEMA (21):	30.73
Williams %R (14):	-80.79
Chande Momentum Oscillator (20):	-0.11
Repulse (5,40,3):	-1.3800
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	2.29

MA7:	30.97
MA20:	30.88
MA50:	31.64
MA100:	30.62
MAexp7:	30.77
MAexp20:	30.99
MAexp50:	31.12
MAexp100:	30.66
Price / MA7:	-1.65%
Price / MA20:	-1.36%
Price / MA50:	-3.73%
Price / MA100:	-0.52%
Price / MAexp7:	-1.01%
Price / MAexp20:	-1.71%
Price / MAexp50:	-2.12%
Price / MAexp100:	-0.65%

Quotes : - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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