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SI1! trade ideas

An elusive quest for a silver liningSilver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021. Silver falling more than gold Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar resumed an appreciation path and bond yields rose sharply1. However, silver fared even worse in February (-11.7%), after falling in January as well (-0.9%)2. As gold is often seen as a hedge for economic and financial uncertainty, it is receiving greater support than silver. Silver, as a precious metal with more industrial uses than gold, is weighed by the uncertainty in the global economy as developed central banks are tightening monetary policy at a pace we have not witnessed in decades. Good news is bad news Complicating matters, today good economic news is often interpreted as bad news because markets are pricing in a reaction from central bankers that could sap economic growth from the future. Take the last Global Manufacturing Purchasing Managers Output index reading for example. The February 2023 reading rose to above 50 (50.8) for the first time since July 20223. A reading of 50 and above should be interpreted as manufacturing in expansion. Other things being equal that report should have been positive for industrial sentiment and silver prices. However, because markets interpreted this as cue for central banks to raise rates further and delay monetary loosening, silver prices reacted negatively. This could be a sticking point for silver this year: being flanked by falling gold prices when Dollar and bond yields rise, being hurt by expectations of a delayed pivot by central banks, but not sharing enough of the upside for gold when markets are looking for defensive hedges. Mixed picture in physical markets Macroeconomic considerations aside, some silver fundamentals look strong. Photovoltaic (solar panel) installations are expected to grow by more than 25% this year according to Metals Focus. In 2022, photovoltaic demand accounted for 11.5% of total silver demand (up from 5.6% in 2012)4. Meanwhile jewellery demand is likely to be sluggish as silver in Rupee terms remain elevated (India is a large silver jewellery market). Most silver supplies come as a by-product of mining for other metals. MMG Ltd’s Las Bambas copper mine in Peru was put on maintenance in February 2023, following violent protests in the country. A short-lived truce allowed for production to resume, but Andean communities in Peru restarted blockades this week5. The mine produces an estimated 5.7 million ounces of silver as a by-product annually. Lower silver supplies could support prices. Conclusions Macroeconomic headwinds have set silver prices back this year and may continue to do so as markets price in tighter monetary policy for longer. Silver may have a hard time catching the same defensive bid gold enjoys. Despite strength in photovoltaic demand, jewellery demand may be soft. Tighter mine supply may be price supportive but overcoming the macro headwinds will be key to silver breaking out of its current lull.
COMEX:SI1!
by aneekaguptaWTE
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips
Silver: Profit can be made by short selling in this area Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time! Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery. At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's. Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
COMEX_MINI:SIL1!Short
by triumphing
U.S. rate-hike expectations send silver back on the road Everyone should have the mind of a valley and the tolerance of the sea. The reason why Jianghai can become the leader of all small rivers is because it is good at being in the downstream of all small rivers. That is the magnanimous person who is open to all rivers. Such a person can open the door to success. Federal Reserve Chairman Bernanke's speech caused an uproar in the market, dragging down the price of silver, and the second drop came earlier than expected. In the short term, silver will continue to move downwards and continue to be bearish. Silver operation suggests selling at 20.23, risk control at 20.39, target 19.80~19.45~19.20. Silver is bearish for several reasons: 1. Silver's bullish rebound was prematurely affected by the data yesterday, and the bottoming trend is still continuing. 2. According to my personal analysis, the decline of wave 2 has not been completed, and the market will continue to bottom out. 3. The intraday pressure is 20.23~20.41, supported at 19.45~19.20. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Short
by Crazylambboy
[MCX] Silver Swing Trade - Betting on Downtrend BreakoutNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:SILVER1!Long
by Amit_Ghosh
1
Silver adjustment falls, the second operation opportunity is clo Silver and gold basically have no movement within the day. At present, the price has begun to fall, and the original upside -up idea is unchanged. Waiting for today to go back to the place to enter the market more. Silver operation recommendation 20.85 buy, 4.70 risk control, target 21.30 ~ 21.41 ~ 21.67 Black silver is based on the following reasons: 1. Silver shocks have not made a long time, so wait more after waiting to fall in place. 2. According to my personal analysis, the decline of 2 wave A has ended, and the rebound of 2 wave B is only the second half of the first stage. 3. The pressure within the day is 21.40 ~ 21.67, and the support is 20.85 ~ 20.70. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Long
by Crazylambboy
Silver fell into a retreat and needs to wait for an opportunity It is important to choose a good path, but without the confidence to keep going, you will not succeed. A lot of things just happen in one thought, so when we decide anything, we have to think about it more. The choice is important, but the persistence after the decision is even more important. No matter what choice you make, stick to it and you will achieve something. Silver was in a retreat all day yesterday, and its short-term uptrend was suppressed. At present, if the bulls cannot appear today, a second bottoming will be launched in the short term, so the overall long-term opportunity will have to wait for the key support below. For silver operation, it is recommended to buy at 20.85, risk control at 20.70, and target 21.30~21.41~21.67. Silver is bullish for several reasons: 1. Silver fluctuated upwards and did not appear to be bullish, so wait for it to fall back in place and look bullish again. 2. According to my analysis, the decline of Wave 2 A has ended, and the rebound of Wave 2 B is only in the second half of the first stage. 3. The intraday pressure is 21.40~21.67, supported at 20.85~20.70. Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
COMEX:SI1!Long
by Crazylambboy
Silver breaks the position and rises, the upper space opens Diligence and perseverance are indispensable on the road to success, but if a person wants to achieve greater achievements, he must also be able to assess the situation and be flexible when things happen. Silver did not give us an ideal position to enter the market on Friday and rose directly. The first wave of more than 20.7 singles continued to hold and look up, and waited for the rebound within the day to continue to be bullish. For silver operation, it is recommended to buy at 21.05, risk control at 20.89, and target 21.40~21.67. Silver is bullish for several reasons: 1. The opportunity to go long at 20.70 given by silver in the early stage appeared once, and then the bulls were in a state of slowly rising, and there is still room for unfinished bulls. 2. The intraday pressure is 21.40~21.67, supported at 21.05~20.89. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:SI1!Long
by Crazylambboy