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 12/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 29.11 USD

My targets

28.74 USD (-0.93%)

28.26 USD (-2.59%)

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 29.11 USD. The sellers' bearish objective is set at 28.74 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.

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

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

Additional analysis

Quotes

SILVER - USD rating 29.01 USD. On the day, this instrument lost -1.33% and was traded between 28.79 USD and 29.53 USD over the period. The price is currently at +0.76% from its lowest and -1.76% from its highest.

28.79

29.53

29.01

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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 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.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.20	28.26	28.74	29.01	29.11	29.32	29.47
Change (%)	-9.69%	-2.59%	-0.93%	-	+0.34%	+1.07%	+1.59%
Change	-2.81	-0.75	-0.27	-	+0.10	+0.31	+0.46
Level	Major	Major	Intermediate	-	Minor	Major	Minor

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

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	28.74
MACD (12,26,9):	-0.1500
Directional Movement:	-28.59
AROON (14):	-71.43
DEMA (21):	29.07
Parabolic SAR (0,02-0,02-0,2):	29.40
Elder Ray (13):	-0.25
Super Trend (3,10):	29.37
Zig ZAG (10):	28.92
VORTEX (21):	0.8400
Stochastique (14,3,5):	13.64
TEMA (21):	28.99
Williams %R (14):	-82.43
Chande Momentum Oscillator (20):	-0.46
Repulse (5,40,3):	-0.6800
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.46

MA7:	29.42
MA20:	30.44
MA50:	31.29
MA100:	30.73
MAexp7:	29.07
MAexp20:	29.25
MAexp50:	29.44
MAexp100:	29.54
Price / MA7:	-1.39%
Price / MA20:	-4.70%
Price / MA50:	-7.29%
Price / MA100:	-5.60%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.82%
Price / MAexp50:	-1.46%
Price / MAexp100:	-1.79%

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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