SILVER Downtrend Alert! Short Trade Setup Ready for Major ProfitSILVER Commodity Technical Analysis (INDIAN Market):
On the 1-hour timeframe, Silver (Commodity) is showing a clear bearish pattern, validating a short trade entry at 95437. The price is approaching key target levels, with TP1 (92725) nearly achieved, suggesting a continuation of the downtrend in the short term.
Trade Summary:
Entry Level: 95437
SILVER Target Levels:
TP1: 92725 (nearly hit)
TP2: 88337
TP3: 83948
TP4: 81236
Stop Loss: 97631
The Risological Dotted Trendline adds further confirmation to the bearish sentiment, guiding this setup toward anticipated targets. Silver’s momentum suggests traders should watch closely as it edges toward additional profit-taking levels!
For extra safe traders, the Trailing Stop for this position is at 96,160
SILVERMIC
SILVER Rockets Beyond All Targets – 6,000 Points Secured!SILVER Futures (15m time frame), Long Trade
Entry: ₹92,508
Current Price: ₹98,451
All Targets Hit!
Key Levels:
Entry: ₹92,508 – Positioned after a clear bullish breakout from consolidation, following a strong uptrend.
Stop-Loss (SL): ₹91,769 – Placed below recent support to manage risk in case of a reversal.
Take Profit 1 (TP1): ₹93,420 – Already hit, confirming momentum continuation.
Take Profit 2 (TP2): ₹94,896 – Successfully reached, indicating a sustained buying interest.
Take Profit 3 (TP3): ₹96,373 – Achieved, reinforcing the trend strength.
Take Profit 4 (TP4): ₹97,285 – All targets met, signaling a powerful bullish surge.
Trend Analysis:
The price movement stayed well above the Risological Dotted Trendline, indicating strong bullish momentum. Each take profit level was hit, showcasing a clear uptrend without significant pullbacks.
The long entry capitalized on a breakout of consolidation with growing volumes. The continuation of higher highs confirms that buying pressure remains strong, allowing all targets to be comfortably reached.
With the current price significantly above all targets, the trade has yielded excellent returns.
Silver is shorted today
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day.
If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario.
Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce.
Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days.
It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again.
Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce.
Silver strategy:
SILVER: sell @23 tp:24.3
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!