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 12/19/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

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 . However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.3

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

The SILVER - USD price is 29.50 USD. The price has increased by +0.58% since the last closing with the lowest point at 29.32 USD and the highest point at 29.63 USD. The deviation from the price is +0.61% for the low point and -0.44% for the high point.

29.32

29.63

29.50

Here is a more detailed summary of the historical variations registered by SILVER - USD:

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 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.45	26.20	28.26	29.50	29.77	30.29	30.87
Change (%)	-17.12%	-11.19%	-4.20%	-	+0.92%	+2.68%	+4.64%
Change	-5.05	-3.30	-1.24	-	+0.27	+0.79	+1.37
Level	Minor	Major	Major	-	Intermediate	Intermediate	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	27.53	28.39	28.86	29.72	30.19	31.05	31.52
Camarilla	28.96	29.09	29.21	29.33	29.45	29.57	29.70
Woodie	27.34	28.29	28.67	29.62	30.00	30.95	31.33
Fibonacci	28.39	28.90	29.21	29.72	30.23	30.54	31.05

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):	30.42
MACD (12,26,9):	-0.2600
Directional Movement:	-22.32
AROON (14):	-57.14
DEMA (21):	29.47
Parabolic SAR (0,02-0,02-0,2):	29.52
Elder Ray (13):	-0.19
Super Trend (3,10):	29.88
Zig ZAG (10):	29.49
VORTEX (21):	0.7300
Stochastique (14,3,5):	19.01
TEMA (21):	29.34
Williams %R (14):	-75.73
Chande Momentum Oscillator (20):	-0.62
Repulse (5,40,3):	0.1200
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	5.52

MA7:	30.46
MA20:	30.75
MA50:	31.59
MA100:	30.61
MAexp7:	29.51
MAexp20:	29.79
MAexp50:	30.12
MAexp100:	30.44
Price / MA7:	-3.15%
Price / MA20:	-4.07%
Price / MA50:	-6.62%
Price / MA100:	-3.63%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.97%
Price / MAexp50:	-2.06%
Price / MAexp100:	-3.09%

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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