Silver at Key Pivot Resistance!Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows. Same as the RSI, making higher highs and higher lows in this ascending trendline. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
Silverfutures
Silver Weekly TimeFrame Analysis 01/02/2021as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas
if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones
i believe this commodity is under valued so we have some chance to purchase it and invest on it
it has a long term horizon yet worth of thinking abut it
please comment your opinon
SILVER WHY PEOPLE ARE WRONGthing is with silver every one is predicting a nice bullish move, and i agree in august when buffet put some green paper into the asset we had a nice bull run.
but what the hell dudes some basic economy it's not about price but market cap. silver double in market cap this year from a bottom low close to 14 and an high at 30.
so no the silver won't make crazy 20 point move this year well won't probably since nobody will ever know until it's done. love how people always exapling to late what will happen.
because that the truth like people screaming to see btc at 38 K and the bottom as of current time from the last regresion is 43k.
well since august so since some enourmous liquidity was injected into silver following our most famous buffet.
pushing the price and pushing long therm investor to follow the move making a good support at an higher price.
but as of current time this market have no liquidity and is choppy.
so if you are a long therm investor yes silver could reach 50 or never who know's but be sure that the probability that this case will happen in the next 1-3 years is super low.
and for traders you think there is a lot's of way to play in a ranging market but the truth is that a good trader will try to catch good trend and make it is friend as much as posible before the friendship bend.
here the trend is not your friend wait for some liquidity or momentum moves before making some assemption about something you or no body can predict.
Silver Future Analysis - Commodities - Silver Technical AnalysisThe Wisest option would be to hold - all the other options are too risky at the moment - but, based on Technical analysis there might be a possibility to go long as per major bullish trend only if the 23 USD support level will not be broken in the next two/three market days; vice versa, if the support will be broken, there might be an opportunity to go short
SL! SILVER FUTURES MAKING A POP? LONG!On the daily, it is clear that the 50% fib was tested and is currently ( hopefully ) rejected!
I expect a very large run in $SLV tomorrow as well as mining companies. Provided this bullish engulfing candle does not pull back VERY harshly, I think this is the continuation we have been looking to see.
As always,
Live long and profit.
SI! - Silver Futures is in for a rough rideSilver Futures dropped today as we all suspected it would. So what now? Is Silver having a difficult time getting to the next level on the fibonnaci scale? It went up there before in the grey area, but it flew too high too fast and after struggling to go any further, dropped back down. Silver has been making astronomical gains since its arrival and traders have been going nuts and butts over it. However, the Silver rush is now in shakey waters. It wants to go back down and take a breather.
We have 3 working dates next week where Silver will make a decision. Continue the trek upwards, or kill it now and remain in a trading range to down for a while. According to my wedges, it looks like it wants to try to break the ceiling again. But around the 30 area is where SIlver has struggled to gain momentum. It seems like another wall for SIlver and perhaps its demise. But I see Silver making it over the line and sticking around for a while. Now as you noticed, the 19th is also featured here. Options contracts expire Aug 22. So people could be taking profits over the next week to lock in gains before something occurs. Silver might be included in this.
Expect volatility, range, but an upward movement. If it makes it over, I'm taking profits and running. Who knows where silver will land if it tries to fly too close to the sun again...
Paper Silver at 400W MA Resistance still facing years of declineI have been charting the bearish case for silver for about six months and this chart has popped up in one form or another several times. It is still obvious that price action is being compressed between the 200W and 400W SMAs. When price action slipped the 200W last there was basically a flash crash to 1500W. What did this legendary rally get us on the daily chart?
Our third lower high in almost 10 months. Price may still come up and test the trendline in the chart below, but it looks pretty bearish right now.
I continue to find studying the OBV with EMAs interesting. The OBV seems to broadly follow many of the fundamentals in charting with support turning to resistance and being rejected and supported by longer term EMAs. It looks like price action will work its way deeper into the wedge and the OBV will go deeper into the triangle for the next couple of years. The good news is, after silver struggles through this depression/Recession I basically see it in a massive acceding triangle. We are going to have a banger of a decade to fifteen years if I see this right.
Hand Sanitizer + Facemasks + Precious MetalsA bit concerned. I dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story.
Wonder what happens next?
FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
7.5yr RSI trendline observations (monthly)As illustrated via the solid blue RSI trendline, monthly futures have been accumulating pressure for about 7.5yrs. In our view, a monthly close above $16.15 would result in large capital inflows not seen since 2003. Risk associated with entering at present levels may be partially mitigated with a timely exit if weekly values close below $14.75. From a purely geopolitical perspective (gold/silver ratio, price history and mining supply conditions aside), silver securities offer credible hedge value.
High Probability Intraday Trade Setup for Silver FutureThe following are trades setup ideas in 15 mins chart for Silver Futures .
There are 2 distinctive dotted lines labelled as
1. AI's Intraday Resistance line
2. AI's Intraday Support line
Short Play Probability Setup
If price is below Pivot Point line and price action closed below the AI's Intraday Support Line, the idea is to short and take profit at Pivot Point S1 or S2 . Traders may choose to take partial profit at Pivot Point S1 (instead of closing entire position) and depending if bearish sentiment continues, remaining position could be closed when price approaches below between Pivot point S1 and S2 region. This is dependent on his/her position sizing to lock profits and to maintain an existing open position as risk-free.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
While it is optional, it is a good practice, in general, to trade this product during the US Future Market Session when there are higher volume and liquidity.
GOLD OCTOBER 2018 FUTURESCompared with gold OCT 2018 futures contracts.
As the SP500 0.38% has dived over the past two weeks, gold futures 0.18% have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish , gold -0.05% will continue to provide be a classic hedge and we'll see futures rise. Silver futures 0.60% are also an excellent hedge that has seen more volatility and is nicely poised for bullish ETF option plays on silver-tracking ETF's, for example. Now may be a good time to add gold -0.05% and/or silver -0.07% to your portfolio, either with futures or ETFs.
Silver Futures Poised to Trend UpAfter breaching it's 200 MA in early April, Silver Futures have gone from 18.10 to 18.24. Looking at the weekly charts for SI1!, you can see a head and shoulders pattern in the chart. Now, a key resistance line for this price is around 18.35 - 18.40. If it can break this, it gives even more weight to the probability of a longer term bullish trend.
In terms of global macro, with rising interest rates, and the spread between risky and non risky assets shrinking, silver could see a volume pick up as an alternative investment, being that it led as the top investment for Q1 2017.
Finally, look at the crossover of the 200 day MA with the 50 on the weekly chart. If the 200 MA crosses over the 50 MA in a bullish manner, it presents even more weight to my bullish thesis.
All the best,
RC