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 12/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 30.87 USD

My targets

30.29 USD (-0.43%)

29.77 USD (-2.14%)

My analysis

The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 30.87 USD. Crossing the first support at 30.29 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 29.77 USD as an objective. Crossing it would then enable sellers to target 28.26 USD. Caution, a return to above the resistance located at 30.87 USD would be a sign of a possible consolidation phase of 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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

Additional analysis

Quotes

The SILVER - USD rating is 30.42 USD. On the day, this instrument lost -0.30% with the lowest point at 30.39 USD and the highest point at 30.58 USD. The deviation from the price is +0.10% for the low point and -0.52% for the high point.

30.39

30.58

30.42

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

A technical analysis in 1H of this SILVER - USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	28.26	29.77	30.29	30.42	30.46	30.87	31.49
Change (%)	-7.10%	-2.14%	-0.43%	-	+0.13%	+1.48%	+3.52%
Change	-2.16	-0.65	-0.13	-	+0.04	+0.45	+1.07
Level	Intermediate	Intermediate	Intermediate	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

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

Technical indicators

Moving averages

RSI (14):	46.06
MACD (12,26,9):	0.0100
Directional Movement:	-5.57
AROON (14):	78.57
DEMA (21):	30.46
Parabolic SAR (0,02-0,02-0,2):	30.58
Elder Ray (13):	-0.05
Super Trend (3,10):	30.64
Zig ZAG (10):	30.42
VORTEX (21):	1.0000
Stochastique (14,3,5):	76.74
TEMA (21):	30.51
Williams %R (14):	-34.88
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	-0.1700
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	1.31

MA7:	30.96
MA20:	30.87
MA50:	31.64
MA100:	30.61
MAexp7:	30.48
MAexp20:	30.46
MAexp50:	30.55
MAexp100:	30.77
Price / MA7:	-1.74%
Price / MA20:	-1.46%
Price / MA50:	-3.86%
Price / MA100:	-0.62%
Price / MAexp7:	-0.20%
Price / MAexp20:	-0.13%
Price / MAexp50:	-0.43%
Price / MAexp100:	-1.14%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:

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

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