SilverMic Futures MCXthis chart shows now where is price moving through the chart
the levels mentioned in the charts are references, I was expecting silver to go into a downtrend for a few days.
QI1! trade ideas
SILVER 1DPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Silver Bull Flag1. Large bull flag on the weekly
2. Support tested and held
3. Global macro lends itself to store of value thesis, in addition to green transition requiring silver.
░🔮░SILVER FORECAST | 1W ░🔮░COMEX:SI1!
Eve is out sick right now (I temporarily broke her during an update). So I am posting solo no Eve, no Gordon.
I placed layed this forecast out in May when I posted this 30 day forecast. That played out here:
So far this one is looking good and very accurate.
What do you think? Will this forecast play out? Will we see (around) double the price in Oct 2023?
Silver chart overviewThe price of silver additionally fell today from yesterday's $19.20 level to $18.80. A strong bearish impulse in the previous four hours could cause the price of silver to continue to weaken and revisit last week's $18.00-$18.20 support zone. For a bullish option, we need a positive consolidation and a return above the $19.00 level. After that, we could expect the price of silver to try to recover above the $19.40 level. This would move us into a positive zone from which a new bullish impulse could emerge. Potential higher targets are the $19.60 and $19.850 levels.
Silver Futures Daily Log ChartSilver has more work to do before a solid uptrend can be renewed.
Stay clear until chart tells you it's time to get back in.
#patience #fintwit #silver #gold
Silver chart overviewThe price of silver this morning formed a new higher high at $19.67; we did not stay there for long because the price retreated very quickly. Today's minimum was at the $19.05 level, after which we see an immediate minor recovery from the $19.20 level. For a bearish option, we need a negative consolidation and a drop below the $19.00 level. Then we need to stay down there for the bearish trend to continue. Potential lower targets are $18.80, $18.60 and $18.40 levels. For a bullish option, we need a new positive consolidation and a move above the $19.40 level. We need to stay there and continue the silver price recovery with a new bullish impulse. Potential higher targets are the $19.60 and $19.80 levels.
✅SILVER LOCAL LONG🚀
✅SILVER was trading in a downtrend
But now we are seeing a bullish breakout
So I am locally bullish biased
And I think that the Silver will go further up
LONG🚀
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Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud , The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are no major news
Silver long positionafter a series of lower lows and lower highs trend is broken
possible indication of trend reversal
and entry for a long position
Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud, The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are no major news
One more dip into lows before the grind into ATH's for Silver!One more dip before lift off or slow grind to ATH's your guess is as good as mine but current super cycle count is 5 of C of 2 of 5. The break of the 65% fib back in February 2021 took out the short fib algo's now the fall back into the long fibs looking for support. We're running out of room and have a nice zone for accumulating a long position starting at the August low 17.880 to the 65% fib level 16.280. The -0.236 profit target is sitting nicely in between the 61.8% and the 65% fib levels with a lower border of a pitchfork as well. Will the banks finally let silver run?????
Silver chart overviewThe price of silver tested the $19.00 level of resistance yesterday, failed to climb above, and turned again on the bearish side. During the Asian trading session, the price first fell below $18.80 and soon below the $18.60 level. The bearish trend continued in the European trading session, and the price fell to $18.38. We could soon test support at $18.20 from Monday. A strong dollar could easily push the price of silver below that level of support, and our target would then be the $18.00 level. For a bullish option, we need a new positive consolidation and a price return to the $18.80-$19.00 zone. Then we need to hold on there and move above the $19.20 level with a new bullish impulse. After that, the price would be better positioned to continue its recovery. Potential higher targets are the $19.40 and $19.60 levels.
Silver's major support and resistance levels Silver's major support and resistance levels as per weekly close,where silver can take support and face resistance in next coming week. Three black lines indicating central pivot range
SIlver MiniCurrently silver trading at 55700. Buy silver mini lots from 55555. accumulate at every 500-1000 Rs lower value based on individual risk appetite.
In other words, buy below 18.5$ and about 1-2% down, todays rate are of Jun 2020, the lowest in 5 years was in MAR 2020 about 12.5.
With FED meeting looming and bond yield increasing, dollar will become strong and metal will become weak, but Rs depreciation may provide support after Nov 2 to certain extend and with festival season ahead.
RBI may not support Rs when FED increase rate. The same pattern is seen during last FED rate rise.
Start selling above 57500-58000. for multiple lots, sell with upward movement of about 750 Rs for each lot.
THis is for SILVERM NOV future. For SILVER adjust the values accordingly.
The above suggestion is for education purpose and individual shall buy based on his own judgement and risk appetite.
Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 21.325
Pivot: 19.380
Support: 17.380
Preferred Case: The H4 price is in a downward trend and crossing below ichimoku cloud . The price may drop form the pivot at 19.380, where the overlap resistance is to the 1st support at 17.380 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 21.325, where the swing high and 38.2% fibonacci retracement are.
Fundamentals: There are no major news.
Silver chart overviewAfter the US inflation report, the price of silver fell sharply as the data showed that inflation was still strong. These results further strengthened the dollar, which caused goods denominated in dollars to fall. Potential lower support targets now are $18.40, $18.20 and $18.00 levels. For a bullish option, we need another positive consolidation and a return to the $19.00 level of previous support. Then we must stay in that zone and climb above the $19.20 level. After that, the price could more easily continue the bullish recovery with a new bullish impulse. Potential higher targets are the $19.40 and $19.60 levels.
MSA Model Indicator on Price behaviour of SilverMSA Indicator was able to capture on 05 September 2022, the tiredness in the Over bought position of Silver @ 60767. It is further expected that Silver may continue its downward journey for some more time. At the time of writing this note it has a SA Value of -2.94 @57325.
Silver Futures ( SI1! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 21.325
Pivot: 19.970
Support: 17.495
Preferred Case: The H4 price is below descending trend with prices trading below the ichimoku . The price may drop form the pivot at 19.970, where overlap resistance and 38.2% fibonacci retracement are to the support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, it might test the 1st resistance at 21.325, where the swing high and 38.2% fibonacci retracement sits
Fundamentals: There are no major news.
13.600 first tp for position sell!.I don't know what's going on the world everything is incontrollable.
Everything is losing their worth.
Silver: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.
Silver chart overviewDuring the Asian session, the price of silver continued to retreat. In the European trading session, the price of silver fell to $19.20, the support level at 61.8% Fibonacci. Silver, like gold, is taking advantage of the current dollar weakness and is moving toward the $19.40 level. For a bullish option, we need a continuation of this positive consolidation and a move towards the $19.60 level at the 50.0% Fibonacci. Then we need to stay above it and try to continue the recovery. Potential higher targets are the $19.80 and $20.00 levels. For a bearish option, we need a continuation of the negative consolidation and a price drop below the $19.20 level. After that, the price of silver would continue its further retreat, looking for better support. Potential lower targets are $19.00, $18.80 and $18.60 levels.
