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SI1! trade ideas

Multi Year Breakout in Silver. A New Bull Run?Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying. Even Though This could be the start of a bull run in silver, I would like to make a small and quick profit from the bullishness. Buy @ 68888 Target @ 74757 Stop Loss @ 65466 Risk Reward Ratio 2:1 As it has broken out from a year-long correction we can expect silver prices to go higher after taking out Major Resistances. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
MCX:SILVERMIC2!Long
by tradewidmufeeth
Silver: Close Call 😮‍💨That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided, our alternative scenario with a probability of 45% remains. If it prevails, silver should rise into the blue zone between $25.88 and $29.34 first before turning around again.
COMEX:SI1!Short
by MarketIntel
1
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation Resistance : 25.660 Pivot: 24.325 Support : 23.910 Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.325 in line 78.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 100% Fibonacci Retracement . Our bullish bias is further supported prices trading above our ichimoku clouds . Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.910 which is a graphical swing low and also in line with 100% Fibonacci extension . Fundamentals: Amidst highest inflation recorded for the most developed countries, we are likely to see crowds flock to safety on safe haven assets such as precious metals, supporting a overall bullish bias. As the renewed attacks and scheduled negotiations are on the way, we would expect much volatility from the asset.
COMEX:SIK2022
by Tickmill
1
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation Resistance : 25.660 Pivot: 24.325 Support : 23.910 Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.325 in line 78.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 100% Fibonacci Retracement. Our bullish bias is further supported prices trading above our ichimoku clouds. Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.910 which is a graphical swing low and also in line with 100% Fibonacci extension. Fundamentals: Amidst highest inflation recorded for the most developed countries, we are likely to see crowds flock to safety on safe haven assets such as precious metals, supporting a overall bullish bias. As the renewed attacks and scheduled negotiations are on the way, we would expect much volatility from the asset.
COMEX:SIK2022Long
by Genesiv
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation Resistance : 25.050 Pivot: 24.040 Support : 23.765 Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.040 in line with 61.8% Fibonacci retracement towards our 1st resistance at 25.050 in line with 61.8% Fibonacci Extension. Our bullish bias is further supported RSI being at levels where bounces previously occurred and our MA 50 & 200 forming a Golden cross. Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.765 which is a graphical swing low and also in line with 78.6% Fibonacci extension . Fundamentals: Demand for commodities caused by tension built-up Russo-Ukraine crisis has resulted in a long time rally on the precious metal. The situation remains fluid as we await negotiations at the Belarusian-Ukrainian border, we urge investors to remain on the side-lines.
COMEX:SIK2022Long
by Rockqet
Silver lags for now, wait for it...dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance is also about to cross into the bullish zone. Lagging Gold, but can turn up fast, like previously. The Monthly chart shows a pennent/flag pattern with the long term target of about 41.20 in mid-2023. Noted that the retracement since the Aug 2020 top did not reach the 55EMA as a support, which can be viewed as a bullish bias indication. Not yet ripe, but when it runs, it should run fast with much potential, IMHO...
COMEX:SI1!
by Auguraltrader
1
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
Short on breakWatch for breakdown on Silver - 1H close below trendline Expectations : 1. Looking for similar action to the one posted here: 2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below Price targets : 22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1 22.00 - next support level from 6-7 Jan lows 21.45/50 - below that is a 2 times low on 1H candle on 29/9 and 15/12 However should 1H close above previous high of 23.06 this MIGHT be invalidated, will update accordingly *Prices and trendline drawn based on Silver Continuous Futures listed as on COMEX, prices may differ from your broker especially if you are trading CFDs or other forms derivative **All timing based on UTC+0
COMEX:SI1!Short
by ng4312