Silver - Month of July 2020 - 4 hour candlesDuring 26 days, silver went down.
Most of my Tweets had low retweets & likes.
Even the famous 900$ gold call came back to life.
Then in the last 4 days, this happened...
#fintwit #silver
SI1! trade ideas
Silver - Golden Idea?
We are at almost 200% regular volume in the Futures market and is completely divergent - that said JP MORGAIN $JPM can do whatever they want - as they control the silver market. Gold is at 130% of reg volume BTW.
They blue and white lines in the RSI are indicting the increase of volume. This kind of volume is NOT common - while were moving up - we're being pulled up - not pushed.
The day Silver makes a life changing move up - will NOT be during the NY session. I am short back to $18.50 where the weekly POC lies.
www.wsj.com
nypost.com
mikesmoneytalks.ca
www.bullionstar.com
Silver up over 6% today.Very bullish reaction on critical support defined on silver's monthly chart.
Next step is an actual breakdown of the gold vs silver ratio.
Hang on!
#patience #fintwit #silver
Silver: Last Stop !Before we head further down south, the silver price should recover more clearly and rise in the green target zone between $18.94 - $19.99. From there, we expect the last bearish push into the orange zone below.
Silver heading for a Wykoffian Dip at 16.5Silver is going to further fall towards 16 dollars.
Following a typical Wykoffian Trend. Current indicators (Strength, Stochastics, MACD, Velocity, Impact) indicate further downside. The acceleration of the downside trend can come swiftly.
Be careful with Silver's movement. It can burn if you are going long. The Pullbacks can also be deep to SL hunt.
For further analysis watch the space
Silver Seasonality In Sync with Intermediate Wave 2Silver should have completed a five wave move down on Friday; if not, it should complete the down move on Monday or Tuesday. The Elliot wave pattern coincides with one of silver's most bullish seasonal patterns.
Over the past 54 years, silver has experienced some of its most significant annual gains between July 18 and September 21. If you bought and sold silver at these times every year over the past 54 years, you would have made a profit of 53.7% of the years with an annualized return of 21.12%. These are outstanding results for a trade window of only 6.5 weeks.
The results are even better if we restrict our seasonality research to the most recent 10 years. Over the past 10 years, silver has experienced some of its most significant annual gains between July 19 and September 3. The win rate of this period is 50%, with an annualized return of 80.84%.
While a win rate of 50-53.7% might not sound remarkable, this is the only time of the year when silver's seasonality is giving a historical annualized return of 21.12-80.84% for essentially a coin flip. And this year is far from a coin flip. Silver has retraced 32.31% over the past four months and has an oversold RSI reading below 30. This is also happening at a pivotal time in silver's Elliott wave structure due to moving from intermediate wave 1 to intermediate wave 2.
Over the next 5-6.5 weeks, silver should rise to somewhere between $21.635-$25.465 (between the 0.382 and 0.786 Fibonacci levels). I have marked three vertical lines on the chart. The green line is when silver starts its historical bullish seasonal pattern. The first red line is when silver has ended its bullish seasonality over the past 10 years. The second red line is when silver has finished its bullish seasonality over the past 54 years. The red boxes between the horizontal Fibonacci levels and the vertical seasonality lines represent the approximate profit-taking zone.
It's worth noting that while market seasonality can be very useful, there is no theoretical reason why it should repeat. Whereas there are theoretical reasons why Elliot waves exist and why oversold markets correct. Seasonality gives us a higher probability of making a profitable trade, but we must still watch the developing market structure rather than blindly following statistical patterns. We should get out when the market retraces a clear Elliot pattern and silver is no longer oversold, regardless of the price level.
Silver chart analysisDuring the Asian trading session, the price of silver is in a strong bearish trend at $19.25. The current price is $18.62, representing a 3.00% decrease since the start of trading last night. A strong dollar affects all goods denominated in the US dollar. We are now looking for potential first support at the $18.50 level. And now, we will add two more potential lower levels as the following targets are $18.25 and $18.00. For a bullish option, we must first consolidate above $18.75. Then with a further bullish continuation, we could try to test the $19.00 level. And the break of the silver price above would be resisted by the space for targets at $19.25 and $19.50 levels.
Silver Trading The Bearish SequenceIn this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objectives to target
Silver chart analysisThe price of silver continues its sideways movement in the $19.00-$19.50 range. During the Asian trading session, they were below the midpoint of $91.25. It could be said that the price of silver will retest the support at the $19.00 level. For a bearish option, we need a drop below $19.00; after that, we can expect a continuation of the bearish trend. Potential lower targets are $18.75 and $18.50 levels. For a bullish option, we need a new positive consolidation, and a return above $19.25 left first. Then we can expect growth to the upper resistance zone at $19.50. A break above would increase optimism that we can see further price recovery towards the $20.00 level.
DeGRAM | SILVER longSilver price went down and tested a major support zone.
Price action is likely to consolidate at that level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
"Is the silver bull market still active?"US equity's next recovery move will ACTUALLY fuel silver's ascension back to all-time highs.
#fintwit #inflation #recovery #silver #xagusd #spx
BUY SILVER /SISilver has been on a downtrend for quite some time. It looks like silver wants to make a pullback into the channel.
Silver Trades To TargetIn this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunities and price objectives to target
Silver Losing Its ShineIn this update we review the recent price action in the Silver futures contract and update the bearish trading strategy and price objectives to target
Silver Micro Great Opportunity for SellMCX:SILVERMIC1!
below 58600 you can short there are 2 supports near 56k and 51k so we can expect 1500-2000 points
what are your thoughts please comment below
SILVER FUTURES (Sl1!), H1 Potential for Bullish MomentumType : Bullish Rise
Resistance : 22.565
Pivot: 21.495
Support : 20.840
Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise to the pivot at 21.495 where the swing high resistance and 161.8% fibonacci extension are. Once we have upside confirmation, we would expect bullish momentum to carry price to intermediate resistance at 21.955 in line with swing high resistance and 127.8% fibonacci extension . Should price break intermediate resistance, we would have a bullish bias that price will rise to 1st resistance at 22.565 where swing high resistance is.
Alternative scenario: Alternatively, price could drop 1st support at 20.840 in line with the pullback support and 78.6% fibonacci projection .
Fundamentals: As investors are seeking to hedge against inflation , we have a weak bullish view on silver .
Silver ShortLooking at the chart and In my opinion one should short Silver. Because it might lose it value.
Silver chart analysisThe failure of the silver price to make a break above $ 22.00 at the beginning of the week started the bearish trend, which this morning formed a new lower low at $ 20.75. Early this morning, the price of silver broke the support to $ 21.00 and fell to $ 20.75. The pressure on the price is still very present on the chart, and we will likely see the continuation of the bearish trend towards the $ 20.50 level. A break below this level brings us down to the May support level at $ 20.42. For the bullish option, we need a new positive consolidation and a return above the $ 21.00 level. It is then necessary for the price to remain at that level, forming a new higher low from which a new bullish impulse would begin. Potential higher targets are $ 21.25 and $ 21.50 levels.
