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)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 29.77 USD

My targets

29.02 USD (-0.73%)

28.26 USD (-3.32%)

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 29.77 USD. The sellers' bearish objective is set at 29.02 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. 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

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 29.23 USD. On the day, this instrument lost -0.34% with the lowest point at 29.20 USD and the highest point at 29.71 USD. The deviation from the price is +0.10% for the low point and -1.62% for the high point.

29.20

29.71

29.23

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

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. 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: 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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	29.23	29.77	30.29	30.87
Change (%)	-16.35%	-10.37%	-3.32%	-	+1.85%	+3.63%	+5.61%
Change	-4.78	-3.03	-0.97	-	+0.54	+1.06	+1.64
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	28.55
MACD (12,26,9):	-0.1900
Directional Movement:	-15.68
AROON (14):	78.57
DEMA (21):	29.39
Parabolic SAR (0,02-0,02-0,2):	29.71
Elder Ray (13):	-0.14
Super Trend (3,10):	29.88
Zig ZAG (10):	29.30
VORTEX (21):	0.7600
Stochastique (14,3,5):	40.58
TEMA (21):	29.34
Williams %R (14):	-93.48
Chande Momentum Oscillator (20):	-0.28
Repulse (5,40,3):	-1.1300
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	1.60

MA7:	30.44
MA20:	30.75
MA50:	31.58
MA100:	30.61
MAexp7:	29.49
MAexp20:	29.65
MAexp50:	29.98
MAexp100:	30.32
Price / MA7:	-3.98%
Price / MA20:	-4.94%
Price / MA50:	-7.44%
Price / MA100:	-4.51%
Price / MAexp7:	-0.88%
Price / MAexp20:	-1.42%
Price / MAexp50:	-2.50%
Price / MAexp100:	-3.59%

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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