📉 Silver Futures Update – June 5, 2025
Silver may be nearing a short- to medium-term peak, with several indicators aligning toward a corrective phase:
📊 Bias: Moderately Bearish (Short-term), Long-term Bullish
📆 Trade Ideas
Intraday (June 6):
Short Term: Short on breakdown below $35.50
Medium Term: Buy Wave (4) dip $33.50–$34.00
Long Term: Accumulate $30–34 zone | Target $47+
⚠️ **Caution** advised for new longs. Await dip for better R/R.
Silver may be nearing a short- to medium-term peak, with several indicators aligning toward a corrective phase:
- RSI shows bearish divergence on lower timeframes
- Momentum is stalling despite higher prices
- Candlesticks signal indecision/topping
- Volume surged on breakout but is now fading
- Cycles & Seasonality point to early June peaks
- COT shows heavy commercial shorts → institutional caution
- Wave (3) may have completed near $36.20 → setting up for Wave (4) pullback
📊 Bias: Moderately Bearish (Short-term), Long-term Bullish
📆 Trade Ideas
Intraday (June 6):
- Short: $35.90–$36.10
- Stop: $36.35
- Targets: $35.35 / $34.95 / $34.55
- Watch 6–9 AM EST for cycle reversal
Short Term: Short on breakdown below $35.50
Medium Term: Buy Wave (4) dip $33.50–$34.00
Long Term: Accumulate $30–34 zone | Target $47+
⚠️ **Caution** advised for new longs. Await dip for better R/R.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.