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

33%

44%

22%

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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.4

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 29.58 USD. The price has increased by +0.85% since the last closing and was between 29.32 USD and 29.66 USD. This implies that the price is at +0.89% from its lowest and at -0.27% from its highest.

29.32

29.66

29.58

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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	24.45	26.20	28.26	29.58	29.77	30.29	30.87
Change (%)	-17.34%	-11.43%	-4.46%	-	+0.64%	+2.40%	+4.36%
Change	-5.13	-3.38	-1.32	-	+0.19	+0.71	+1.29
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

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

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):	35.85
MACD (12,26,9):	-0.2300
Directional Movement:	-11.76
AROON (14):	-28.57
DEMA (21):	29.45
Parabolic SAR (0,02-0,02-0,2):	29.26
Elder Ray (13):	-0.02
Super Trend (3,10):	29.88
Zig ZAG (10):	29.56
VORTEX (21):	0.7800
Stochastique (14,3,5):	27.18
TEMA (21):	29.35
Williams %R (14):	-69.90
Chande Momentum Oscillator (20):	-0.66
Repulse (5,40,3):	0.0400
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	4.77

MA7:	30.47
MA20:	30.76
MA50:	31.59
MA100:	30.61
MAexp7:	29.53
MAexp20:	29.75
MAexp50:	30.08
MAexp100:	30.40
Price / MA7:	-2.92%
Price / MA20:	-3.84%
Price / MA50:	-6.36%
Price / MA100:	-3.36%
Price / MAexp7:	+0.17%
Price / MAexp20:	-0.57%
Price / MAexp50:	-1.66%
Price / MAexp100:	-2.70%

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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