A quarterly close above 28$ MEGA rocket ship timeYes. MEGA rocket ship for #silver with a close above 28$ on quarterly candle chart.
QI1! trade ideas
Silver Trading The Complex CorrectionIn this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
Silver outperform gold during crisis Silver outperform gold during major crisis.
During each crisis, Gold and Silver always performed exceptionally well compared to many other markets.
In this study, we could see that during major crises, silver outperforms gold.
Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset.
Interestingly, prior to each of its extreme peaks, the market did provide us with clues on its first wave.
For the coming extreme, the first wave has just completed its moves. There is always a fundamental story tied to its first wave, follow-by an explosive move. What could be the story this round on its first wave? Covid follow-by high inflation?
CME Micro Silver Futures
Minimum fluctuation
0.005 = $5
0.01 = $10
0.1 = $100
1 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
See following link for the video version.
SILVERMICSilver mic on 4 hr time frame consolidation
Waiting for its breakout good for POSITIONAL target expected move 2000 points
DeGRAM | SILVER downward channelSilver is consolidating at resistance on the higher timeframes.
Price action is moving in a downward channel .
If the market fails to break through the resistance level , we can look for selling opportunities.
We anticipate a short-term pullback.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
50% Fib Long on Silver on 15 Minute ChartWe have a 50% Fib long of today's action in Silver. Some great trades today went to their objectives. Use a break of the 61.8% on the downside as a stop.
Silver Futures ( SI1! ), H4 Potential for Bullish ContinuationTitle: Silver Futures ( SI1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 24.775
Pivot: 706.50
Support: 22.845
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high is.
Alternative scenario: Price may head back down towards the support at 22.845 where the recent low is.
Fundamentals: There are no major news.
Gold versus silver1.25.23 Gold is grinding higher and the silver market Is training in a range. I find it difficult to trade grinding markets even if they're bullish. On the other hand, Ranging markets Are less difficult for me. Short video.
Silver more precious than goldSilver performed better than Gold in percentage term during each crisis.
We will study into the history of Silver and Gold. And during each crisis, Gold and Silver always performed exceptionally well compare to many other markets.
Content:
. Its price behavioural leading to each peak
Price behavioural studies provide us a fundamental reason for every price movement. Especially the significant ones.
Micro Silver Futures
Minimum fluctuation
0.001 = $1
0.005 = $5
0.01 = $10
0.1 = $100
1 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Silver trade - SHORTSilver has been retracing to 0.786 fib level and selling off to 0.382 fib level. This has been roughly a 10% drop in price. This has happened on the red circles (indicating short) with take profits shown at green circles (@0.382 fib level).
The current cycle we are in has us up at 0.786 fib level again. The take profit is shown at 0.382 fib which is a 15% drop in price. A more conservative TP is shown in orange circle (which corresponds to a 10% drop in price as we have seen with previous 3 retraces). RRR for entry at $24.2 price level with 3.6% risk is 2.9 for orange circle and 4.2 for green circle.
On a macro perspective we have:
1. TA: downtrending parallel channel with price near top of channel.
2. Correlations: Dollar moving down currently and gold moving up while silver is consolidating. Hence silver is in a non-correlating state with both gold and dollar currently. Typically is correlates with gold and is inverse correlation with dollar index. Hence, it should soon pick a direction. With gold moving up we have a conflicting signal suggesting upward move, but gold could also be coming to a resistance point too.
Trade plan:
1. Could wait for gold to hit resistance and head down and silver should follow. Hopefully it follows late.
2. Could enter short now and be okay with getting stopped out long if wrong.
DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Bull Flag trading Long Silver HUGE MOVEAll details are on the chart.
This is the weekly chart for Silver. From left to right, you can see that Silver consolidated for 2.5 years before it started the big move Upwards in 2019.
Price dip in March 2020 with COVID as everything else then it recovered to make a HUGE MOVE to ATH (ALL TIME HIGH) of ~79000.
Since then, Price has been consolidating in a Channel for ~2 years now and it has a beautiful Bull Flag Pattern that has formed.
You can see in the round green circles i drew in the top of the channel that price has already tested that area 4 times. From my experience, the more a Resistance or Support is tested, the weaker it gets.
All eyes are on a Recession for 2023 and in all Recessions, metals goes up big time.
Unless some external forces save us from Inflation and Recession, history will repeat.
If we look into the charts, the pattern also tells the same thing. Bull Flags are 67% accurate when they break to the upside so as for possible Targets, you can see that Target 1 is half way the distance of the Flag pole which also coincides with the width of the Parallel Channel. That is a great Target 1. Target 2 will be the move of the Bull Flag which is a measured moved and it goes the same distance of the Flag Pole.
Happy trading.
As always, comments, likes are welcome. thx.
Silver Short IdeaPrice has broken an important flag limit. This is a signal by institutional traders to go short at the levels mentioned in the chart to give an excellent risk to reward.
Kinda getting exciting now for SilverSilver. Soo close.
9 year moving average zone
Bullish ABOVE it...
#fintwit #xagusd #silver #inflation
Gold sets the roadmap......Silver follows!
Silver's "Reverse symmetry move" defined roadmaps.
Close above 28$ enacts a fast move to 35$.
Close above 35$ enacts a fast move to 48$.
Expect violent overshoots.
#fintwit #silver #gold #inflation #recession
Silver on SHARK Silver has shark on daily timefram with perfect BC resiprocal. lets wait for swap and retest for final target.
SI1! ( Silver Futures ), H4 Potential for Bullish ContinuationTitle: Silver Futures ( SI1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 24.775
Pivot: 706.50
Support: 23.140
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high is.
Alternative scenario: Price may head back down towards the support at 23.140 where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
Silver hit our target and ready for the next rally to $27.00 in 2022, Silver hit our target price of $24 this was due to a break up and out of a Triple Bottom (3 Rounding Bottoms).
Now we see a new Bullish Diamond formation on Silver.
We just need to wait for breakout
Target $27.00
Fundamentals:
Analysts predict that gold and silver will perform well in the new year as the Federal Reserve is expected to cut interest rates in the second half of 2023. This is due to the belief that a recession is imminent, which will reduce inflationary pressures and lead to falling interest rates. Chief North America economist Paul Ashworth of Capital Economics stated that despite the Fed's current hawkish stance, they still expect interest rates to decline by the end of 2023.
SI1! ( Silver Futures ), H4 Potential for Bullish ContinuationTitle: Silver Futures (SI1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 24.775
Pivot: 706.50
Support: 23.140
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high is.
Alternative scenario: Price may head back down towards the support at 23.140 where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
DeGRAM | Silver shortSilver dropped from the resistance and broke the lower border of the channel.
Price action pulled back to resistance and the trendline.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and breakout the channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Short Silver MiniA bearish rising wedge pattern breakdown is seen at double top in Silver Mini.
Multiple breakdowns of important support levels indicate a bearish movement in Silver Mini.
Silver Mini Prices have reversed exactly from the multi month double top horizontal line resistance, rising DMA breakdown, and brearish rising pattern and wedge both breakdown, MACD also showing negative crossover with histogram below zero line, and RSI is also showing contiuous negative divergence in the daily time frame. Future data also showed a short build up along with open and high being the same. All these parameters indicate a downward trend. it can fall to 66000-65000. Stop loss 69760-69800, holding duration 2-3 trading sessions only.
