SILVER - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAGUSD
ISIN:

SILVER - USD - Daily - Technical analysis published on 12/30/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 29.77 USD

My targets

28.26 USD (-4.04%)

26.20 USD (-11.04%)

My analysis

In the short term, we can see an acceleration in the bearish trend on SILVER - USD, which is a positive signal for sellers. As long as the price remains above 29.77 USD, a sale could be considered. The first bearish objective is located at 28.26 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 26.20 USD as an objective. Crossing it would then enable sellers to target 24.45 USD. If the price were to return above 29.77 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

Force

5.4

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 29.45 USD. The price has increased by +0.17% since the last closing and was traded between 29.33 USD and 29.49 USD over the period. The price is currently at +0.41% from its lowest and -0.14% from its highest.

29.33

29.49

29.45

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SILVER - USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.45	26.20	28.26	29.45	29.77	32.06	33.67
Change (%)	-16.98%	-11.04%	-4.04%	-	+1.09%	+8.86%	+14.33%
Change	-5.00	-3.25	-1.19	-	+0.32	+2.61	+4.22
Level	Minor	Major	Major	-	Major	Intermediate	Minor

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	28.61	28.97	29.18	29.54	29.75	30.11	30.32
Camarilla	29.24	29.30	29.35	29.40	29.45	29.51	29.56
Woodie	28.55	28.93	29.12	29.50	29.69	30.07	30.26
Fibonacci	28.97	29.18	29.32	29.54	29.75	29.89	30.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.60	28.95	29.18	29.53	29.76	30.11	30.34
Camarilla	29.24	29.29	29.35	29.40	29.45	29.51	29.56
Woodie	28.53	28.92	29.11	29.50	29.69	30.08	30.27
Fibonacci	28.95	29.18	29.31	29.53	29.76	29.89	30.11

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):	39.79
MACD (12,26,9):	-0.4700
Directional Movement:	-14.51
AROON (14):	-35.71
DEMA (21):	29.60
Parabolic SAR (0,02-0,02-0,2):	31.11
Elder Ray (13):	-0.51
Super Trend (3,10):	31.39
Zig ZAG (10):	29.44
VORTEX (21):	0.9800
Stochastique (14,3,5):	22.41
TEMA (21):	29.35
Williams %R (14):	-80.28
Chande Momentum Oscillator (20):	-2.48
Repulse (5,40,3):	-0.7900
ROCnROLL:	2
TRIX (15,9):	-0.1800
Courbe Coppock:	10.85

MA7:	29.49
MA20:	30.46
MA50:	31.30
MA100:	30.74
MAexp7:	29.64
MAexp20:	30.18
MAexp50:	30.69
MAexp100:	30.47
Price / MA7:	-0.14%
Price / MA20:	-3.32%
Price / MA50:	-5.91%
Price / MA100:	-4.20%
Price / MAexp7:	-0.64%
Price / MAexp20:	-2.42%
Price / MAexp50:	-4.04%
Price / MAexp100:	-3.35%

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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