Taking everything into account, SLVR scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SLVR is a bad performer.
Besides having an excellent technical rating, SLVR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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43.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.34 to 58.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.58 to 55.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.85 to 44.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 61.00 to 61.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SLVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLVR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SLVR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.81 | NEUTRAL | The RSI value for SLVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SLVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.14 | NEUTRAL | The Stochastics value for SLVR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for SLVR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for SLVR suggests a possible start of a new trend. |
60.99
+2.58 (+4.42%)
SPROTT SLVR MINER & PHY SLVR / SLVR FAQ
Can you provide the ChartMill technical rating for SPROTT SLVR MINER & PHY SLVR?
ChartMill assigns a technical rating of 7 / 10 to SLVR.
What is the trend direction for SLVR stock?
The current trend direction for SPROTT SLVR MINER & PHY SLVR (SLVR) is Bullish.
Can you provide the RSI signal for SPROTT SLVR MINER & PHY SLVR?
SPROTT SLVR MINER & PHY SLVR (SLVR) has an RSI value of 62.8081. This indicates that the stock is currently neutral.
What is the buy/sell signal for SLVR stock?
The buy/sell signal for SPROTT SLVR MINER & PHY SLVR (SLVR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SLVR stock?
SPROTT SLVR MINER & PHY SLVR (SLVR) has a support level at 58.36 and a resistance level at 61. Check the full technical report for our detailed analysis of SLVR support and resistance levels.