SI USD Eyes on current 4hr candleLosing the channel SHORT t1: $28.85 t2: $27.77 Channel holding LONG t1: $32.47 t2: $36.15 t3: $42.08by mikloydUpdated 110
BULLISH ON SILVERMCX:SILVERM1! Looking FOR SOME BULLISH ENTRY IN SILVERM WITH 1;1 RR STOCH RSI DIVERGENCE LONG ENTRY ACTIVATED IN Silver trend analisis Longby Mohitsoni08Published 0
SilverKey Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is currently above the 200 MA, indicating a potential bullish trend. • 50 MA (Yellow Line): The price is also above the 50 MA, reinforcing the short-term bullish sentiment. 2. Relative Strength Index (RSI): • The RSI is around 60, indicating bullish momentum but not yet overbought. This suggests potential for further upward movement. 3. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, indicating bullish momentum. The histogram supports this with positive values, although there is a slight decrease suggesting a potential slowdown. 4. Bollinger Bands: • The price has recently touched the upper Bollinger Band, indicating it might be overbought in the short term. This often suggests a potential pullback to the middle band (20 MA) or lower band. 5. Fibonacci Retracement Levels: • 0.236 (30.94), 0.382 (30.59), 0.5 (30.31), 0.618 (30.03), 0.786 (29.61) • The price is near the 0.236 Fibonacci level (30.94), which could act as resistance. The other levels serve as potential support if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is bullish as indicated by the price being above both the 50 MA and 200 MA. 2. Bullish Momentum: • The RSI around 60 and the MACD indicate bullish momentum, but the slight decrease in the MACD histogram suggests monitoring for potential signs of weakening. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (30.94) and potentially the upper Bollinger Band. • Support: 0.382 Fibonacci level (30.59), 0.5 Fibonacci level (30.31), and 0.618 Fibonacci level (30.03). 4. Momentum Analysis: • The MACD indicates bullish momentum, but the slight decrease in the histogram suggests a potential slowing. This requires monitoring for signs of a bearish crossover. Potential Buy and Sell Levels: Buy Levels: 1. Support at 0.382 Fibonacci Level (30.59): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 30.59 • Stop Loss: Below 30.50 (just below the support level to avoid false breaks) • Take Profit: First target at 30.94 (0.236 Fibonacci level) and second target at 31.42 (previous swing high) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 30.30 (if the lower Bollinger Band is around this level) • Stop Loss: Below 30.20 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 30.80) Sell Levels: 1. Resistance at 0.236 Fibonacci Level (30.94): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 30.94 • Stop Loss: Above 31.00 (just above the resistance level) • Take Profit: First target at 30.59 (0.382 Fibonacci level) and second target at 30.31 (0.5 Fibonacci level) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 30.80 (if the middle Bollinger Band is around this level) • Stop Loss: Above 30.90 (just above the middle Bollinger Band) • Take Profit: First target at 30.30 (lower Bollinger Band) and second target at 30.03 (0.618 Fibonacci level) Summary: • Buy Levels: • 30.59 (with stop loss below 30.50 and take profit at 30.94 and 31.42) • Around 30.30 (with stop loss below 30.20 and take profit at 30.80) • Sell Levels: • 30.94 (with stop loss above 31.00 and take profit at 30.59 and 30.31) • Around 30.80 (with stop loss above 30.90 and take profit at 30.30 and 30.03)by KironKavanaghPublished 0
SILVER (XAGUSD, SIL1!) Daily Bias.... Turning BULLISH!Price has moved as expected, trading through the failed +FVG to the lower more dependable +FVG. I believe longs will be high probability from here, only when valid signatures by price present themselves.Longby RT_MoneyUpdated 0
Silver Futures UpdateI posted an idea for silver futures last night, here's an update. Price gapped up above the descending trendline and held on a retest, which led to a large move. It's near an area of resistance now, so I'll be looking to see if it can keep going up and sustain above, or if it's going to fail again.Longby AdvancedPlaysPublished 0
Silver Futures AnalysisMost of my ideas have been on the spot index for silver, but I use the futures to chart as well. Along with SLV, there's always another angle. I like the demand zone below for a short target..However, if it breaks above this trendline I'm gonna get out of the way,. It could go either direction at this point.Shortby AdvancedPlaysPublished 0
Silver Quarterly Momentum Breakout?Oh yeah, about that #Silver chart... This is what I haven't show you... Check out that possible quarterly defined momentum breakout! A few more weeks to confirm this.by BadchartsPublished 5
Chart Pattern Analysis Of Silver K1 just break up the nearest highest price and the previous uptrend channel, Perhaps it is in an accelerating status. If the following candles consolidate here for days, It is still a potential good place to buy in. I think It is similar to XAU/USD and Copper/USD. They are in a status of long-term Bull Market. Long-31.1/Stop-30.6/Target-33.4Longby nothingchangehereUpdated 0
Silver Semestrial ChartThe second most import close of the year is coming up this June 28th. All #silver has to do is close solidly above 27$, with minimal upper wick. Easy right? Only 19 more trading days to find out! So exciting!by BadchartsPublished 4
Silver Quarterly MileStoneEven more impressive is that #silver can also lock-in a quarterly defined milestone. This time converting a "wall" at 27.50$ from resistance to support. 4 more trading weeks till quarterly close. Oh man... the suspense!by BadchartsPublished 4
Silver Short IdeaSilver has had a nice run, but it looks like that's beginning to reverse. COT is also showing large net short positions for Commercials.Shortby BogbeePublished 3
Silver above 30$And just like that... BOOM! #Silver closes solidly above 28$ and converts that wall of resistance into support. Enjoy the journey guys!by BadchartsPublished 6
silver mcx short tradeMCX:SILVER1! Looking for short entry on silver after a rejection from upper levels by Mohitsoni08Published 0
SILVER (XAGUSD, SIL1!) Daily Bias... BULLISH!You see we have a bullish BOS, it formed a +FVG, pulled back to the +FVG and the BOS, found support and rallied towards the highs... forming another +FVG. The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity. If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going higher are significantly lower.Longby RT_MoneyUpdated 111
Next Target is the Trendline TopIn Silver Future, Next Target is the Trendline Top. And Breakout will confirm the Bullish Trend.Longby SasikumarManiUpdated 4
Silver's Rebound RoadmapGold (June) / Silver (July) Gold, yesterday’s close: Settled at 2356.5, up 22.0 Silver, yesterday’s close: Settled at 32.137, up 1.638 Gold and Silver futures had a phenomenal start to the week but that momentum is stalling amid softness in the risk environment, U.S. Dollar strength, and a surge in yields. As I spoke in my evening video, I wanted Silver to get above $33 last night and set a new swing high; implying otherwise would be concerning. Here we are now, and what matters as today unfolds is the aforementioned outside market narratives and a constructive repose to support. Silver traveled the furthest to start the week and is clearly the local leader; it must hold out above the shelf created amid yesterday’s early whipsaw, now our first wave of major three-star support at 31.59-31.67. Bias: Bullish/Neutral Resistance: 2349-2350.5**, 2356.5***, 2363.7-2365.8**, 2372.2-2375***, 2385.3-2390.2*** Pivot: 2345.9 Support: 2339.2-2341.2**, 2333.8-2335.5**, 2322.5-2325.1***, 2304.6-1212.9*** Silver (July) Resistance: 32.41-32.55***, 32.72-32.75***, 34.12*** Pivot: 32.05-32.19 Support: 31.89**, 31.59-31.67***, 31.37-31.42***, 31.10-31.15***, 30.83-30.92**, 30.50-30.56***, 30.19-30.27**** *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_FuturesPublished 0
Gold & Silver have done very well#GOLD & #SILVER have been on tear for some time. Both showed bullish patterns & we took advantage of that. GOLD We've been long term holders of the shiny metal but we did take a chunk of the "paper gold" profits (stocks, contracts) Want to step back in but RSI and $ flow have lost some steam, waiting. Silver Still looks pretty good. Volume is still heavy for both = demand. AMEX:GLD AMEX:SLV $PSLC AMEX:CEF Longby ROYAL_OAK_INCPublished 2
Silver Historic PatternThis is 3-year CoT index of Silver. Last time Commercials were in extreme low was before COVID crash and before that Feb 2017. Look what happened to the price afterwards each time. On top of that Retailers are in extreme high. Historic indication of bearish Silver market.Shortby XardasXPublished 111
SILVER BUYING & SELLING ZONESSilver buying and selling zone price action with good RR ratio is most imp to knoow before placing a trade by mohitsoni008Published 3
UPDATE: Silver trajectory remains up with target at $37If you place the regression channel you'll see Silver has been on an uptrend for the last few months. We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA... So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25. Silver is the second type of safe haven that is common for investors to buy during risky market conditions. Simlar to gold - but is generally on a slower path up. Longby TimonrossoPublished 3
Silver bull ideaMy predition is that we going straight for 50 Dollar. see you @ top. In the long term i also see cup and handle. Longby janne0536Published 0
Silver: History May Not Repeat, But it RhymesGold (June) / Silver (July) Gold, yesterday’s close: Settled at 2392.9, down 33.0 Silver, yesterday’s close: Settled at 31.496, down 0.582 The metals complex was bludgeoned yesterday and given the late session selling, settlement prices do not do it justice. While risk management becomes more important than ever during times of uncertainty, pullbacks or corrections can last longer than one is comfortable, it is also equally as crucial to back out of the forest to see the trees. It is a time like this that I am reminded that during Silver’s path to $50 in 2011, there were multiple corrections of $3 or more. In February 2011, Silver broke out above its December high of 31.27 and on the third session, stretched to a high of 34.33 before consolidating a day and plunging to a low of 31.69. There were four instances like this before Silver peaked at 49.82 on April 25, 2011. Yes, our Bias remains more Bullish, and it becomes imperative for Silver to have a constructive path and hold out above our two waves of rare major four-star support. The first aligns the April high with the .382 retracement back to the May low at 30.19-30.27. Last night’s low was 30.36. In the case of additional pressures, we will look to a critical area at 29.50-29.72. If that is surrendered, the bigger broader narrative is bending. Bias: Bullish/Neutral Resistance: 2375.2-2377.8**, 2385.3***, 2389.6-2392.9***, 2398.9-2400**, 2408**, 2416.2-2417.4*** Pivot: 2369.7-2370.6 Support: 2356.8-2360.2**, 2349.8**, 2340.3-2343***, 2322.5-2325.1*** Silver (July) Resistance: 31.18***, 31.28-31.32**, 31.50-31.61*** Pivot: 30.91-30.96 Support: 30.63-30.73**, 30.36-30.43**, 30.19-30.27****, 29.50-29.72**** *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_FuturesPublished 0
Silver next stop likely $36Silver continues to find support and is likely headed to $36 next. Ultimately we could see $50 in the months/quarters ahead (say thanks to the Fed criminals).Longby WVS_StockscreenPublished 2