Silver Trade Silver Analysis #Prices have been showing a strong consolidation 📈 between 70500 and 69400 since August 8th, 2023⏳. With a potential rebound in mind, there's an #opportunity to #target a #near-term #goal of 71400 ⚡ while keeping risk in check at a reasonable level.Longby Ravinder_1903Published 5
Precious Metals Schematics: A look into the Macro of FibonacciI have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.Longby MichaelBsulPublished 1
Why Silver stands out.In the ever-evolving landscape of global economics, precious metals like silver, often serve as key indicators and safe havens. This week, we'll explore the factors making silver an interesting prospect in today's market. Current Macroeconomic Indicators: The latest Consumer Price Index (CPI) data indicates a slight increase in the US for July, registering at 3.2%, up from the previous month's 3%. Predictive models from the Reserve Bank of Cleveland suggest an impending rise for the August CPI. Concurrently, the Reserve Bank of Atlanta's GDPNow model projects a rise in GDP figures. Silver, Inflation & GDP: The above becomes important when historical data reveals that significant spikes in silver prices often follow periods of simultaneous rises in GDP and inflation. Notably, in years that saw increases in both indicators, silver recorded gains of 38% and 46% in 2009 and 2020, respectively. Conversely, 2002 saw a modest 2% return. Silver vs. Gold: A measure of relative value between the two major precious metals via the ratio of Silver to Gold, further substantiates the idea of a potential strength in Silver. The ratio is trading just off a trend support-turned-resistance and at the upper end of the symmetrical triangle. Resistance here can play out in the format of silver strengthening relative to gold. Yields and Silver: The longstanding inverted relationship of yield and silver can be observed in the chart, but the ratio provides some insights into the limits of this relationship. What’s immediately obvious to us post 2008 there has been a regime change in this relationship as yield grinded lower and silver remains elevated. With no immediate large catalyst on the horizon, it is likely the current regime will hold and hence, the ‘floor’ in this relationship is near. Meaning relative to current levels of yield, Silver is trading on the lower side. Equities vs ‘real’ economy: Beyond being a precious metal, silver's industrial applications—from automotive to solar panels and electronics manufacturing—make it a bellwether for the 'real' economy, akin to copper. Comparing the Nasdaq 100 against industrial metals illustrates a disparity between equities and the 'real' economy, positioning silver as significantly undervalued relative to peers like copper and gold. Positioning: Current market positions, particularly among net Non-Commercials, seem to favor silver with a growing bullish sentiment. Technical Analysis: A noteworthy observation is the persistence of the 22.5 level as a pivotal support and resistance mark for silver, a trend tracing back to the 80s. Prices currently thread above this level and remain supported by an uptrend that began in August 2022. Additionally, RSI points to oversold, and in the past 4 instances when RSI reached such levels, prices quickly rebounded thereafter. Against the above factors, we see support for Silver, on multiple fronts, such as economic cycle, relative value against equities, and underpriced when compared against gold. Hence, to express our view on Silver, we can set up a long position on the Silver Futures at the current level of 22.67 with a stop at 21.8 and take profit at 25.10 . Silver prices are quoted in U.S. dollars and cents per troy ounce and each 0.005 move is equal to 25 Dollars. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.atlantafed.org www.clevelandfed.org Longby inspirantePublished 7
DeGRAM | SILVER potential buySilver is in a bullish trend in the ascending channel. The market reached the demand zone, where the price made a sharp bullish move. Price action created a pinbar at the support level, an indication of potential upward momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMPublished 111125
silver next movementon seeing daily chart of silver with supply and demand zone ilver likely to retest 75700 provided if it doesnt close below 70000Longby Rajasekar1983Published 6
silver in futureFitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+by CigarerPublished 2
Silver 1 Hour Chart on Gann Box overlay Make this layout your own. In this layout you can pick the Time & Price aline for your trading decisions. by LavnyaInvestmentsPublished 4
SILVER FUTUTRE CONTRACT ANALYISI suggest buying silver future contract right now Longby ayyoubboufoulPublished 1
Tesla the Russell versus the ES silver7.31.23 In this video I wanted to talk about the Tesla which has a chance to move lower since it still has Sellers and it's hanging out at the 382 reversal. If I had to pick a market to short... the ES versus the Russell....I would be looking for a short trade on the Russell which is Trading in a range as opposed to the ES which is trending higher.... not really showing ranging type behavior. The gold and the silver Are definitely showing you strength.... but I wanted to take a look at a 135 short trade on the silver daily chart Factoring in risk... and showing you the perspective of larger and smaller time frames.... and stops... and triggers. I wouldn't take a short trade in silver if the daily bar is at a high for the day... unless I waited for the next 4-Hour bar in the next hour and 30 minutes...And I'm still not clear if I would short it it's the next bar showed it to bar reversal to go lower. And this is okay because I wouldn't buy it at the high of the day and I can use the alert for the next 4 hr bar. 19:29by ScottBogatinPublished 5
SILVER IS A FUTURE GOLD.the chart explains the detail price behaviour of silver. we have used advanced fib to calculate the further moveLongby Atul4249Published 8
Does Silver Breakout This Week?Silver is a critical inflection point, can it breakout above this trend line resistance going back to its record high in 2011? Housing Starts for June just missed at -8.0% m/m. In May, Housing Starts surged by 21.7%, released on June 20th, and Silver was -7.34% that week. That was revised to only +15.7%. Its go time for Silver. Longby bill_blue_linePublished 113
Silver bullish Go long when it breaks flagSilver in bullish BO of flag .. wait for it be ready with what ifLongby NewInMarketPublished 221
Silver Weekly Chart Forming Inverse Head and ShouldersThe red outlines the inverse head and shoulders in the silver futures weekly chart. The dotted line is the neckline. The oval represents where, if silver can CLOSE a weekly candle above the area near $26, the pattern will be triggered. With perhaps a 70% or higher success rate, the probability would be that silver would run up to a measured move from the inverse head around $18 to the neckline around $26. The difference is $8, adding that to the $26 equals the target of $34, which could easily overrun to maybe $36. (PS, often once the neckline is breached, the price will pull back to the neckline again before heading higher.)Longby Bry777Published 0
3 Reasons Why Silver Is Going Up!The problem is that the Dollar has crashed if you check the TVC:DXY -- You will see this -- This means the value of dollar savings is dropping -- The solution for you and me is to buy silver Watch This video to learn moreLong03:15by lubosiPublished 2
#SIlver #XAGUSD Targeting A Weekly Equality ObjectiveIn this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target •Past performance not indicative of future results01:31by TickmillPublished 3
SILVER FUTURES Stock Chart Fibonacci Analysis 070923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 23/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci6180Published 0
DeGRAM | SILVER in upward channelSilver is in a bullish trend. It had higher highs and higher closes. Price is coiling up before expansion by creating a consolidation zone following bullish momentum. We expect pullback to support and fibo level and look for buying opportunities. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMPublished 9922
Coffee Gold Silver6.28.23 This video is an excellent example of why I shouldn't do videos what I'm actually trying to make a trade. I am sorry for my behavior... but all I can say Is {Tough bananas}... you get what you get. I would exit the long position and coffee. I am trying to decide if I'm going to buy gold or silver this morning. 20:00by ScottBogatinPublished 4
silverSilver not trading at crucial support zone . highly chance to trend change in silver. if not close below 66k we again seen 70/72/75k Disclaimer: all views are education purpose only. Longby Hiren_VoraPublished 8810
DeGRAM | Silver a trend continuation opportunitySilver dropped from the resistance, and it created a descending channel. Price action created a resistance and a fibo level as confluence zone. If the market fails to break through the resistance level , we can sell from the confluence level. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMPublished 111121
sell silevr blw 68500 tg t67700 looks sell silevr blw 68500 tg t67700 looks sell on sl 68911 looks some presure due to usd indexShortby kailashcfa33Published 3
A quick follow-up on gold6.21.23 Gold did break the support line... and It reversed at a measured move. how do we handle this? We have to think it through and the answer has something to do with our personalities and whether we are comfortable Shorting, Going Long, and whether we are able to stop and reverse in our trading.17:48by ScottBogatinPublished 114
Silvermic sell trade Sell silver around 71900 putting SL above 72100 and take targets using 1:2,1:3,1:4 and 1:5 RRR by abhishekbadyalPublished 4412