Short term S&H pattern on Silver INRCould give a quick move the neckline. Expecting Silver to make a higher high
QI1! trade ideas
Silver Futures Targting 19.90 TestTechnical & Trade View
Silver Futures
Trade View
Bias: Bullish Above Bearish below 19.90
Technicals
Primary resistance is 21.65 watch for bearish reversal patterns here
Primary pattern objective is 19.90
Acceptance below 20.50 next pattern confirmation
Acceptance above 21.70 opens a test of 22.10
20 Day VWAP bearish , 5 Day VWAP bullish
Options Expiries for today’s New York cut N/A
Institutional Insights
Analysts at Bank of America note ‘The silver market has rebalanced on production discipline and demand from new applications including solar panels. Industrial demand to keep facing headwinds as the global economy lows, but demand from solar and EV to be supportive. If more spending on solar panels come through, silver should rally above $31/o
Silver channel; Transition from bullish to bearishChannel trade:
Silver has fallen below uptrending channel.
May be making a new downtrending channel
Silver chart overviewOn Friday, the price of silver tried to start a new bullish trend, but it only managed to reach the $21.30 level. After that, we see a new bearish consolidation forming a new lower low at the $20.60 level. Now we are trying to hold on there to stop further decline in the price of silver. For a bearish option, we need passive consolidation and a breakout below today's support. Then we need to hold down there, and after that, we would see a further decline in price to the next support zone. Potential lower targets are the $20.40 and $20.00 levels. For a bullish option, we need a new positive consolidation and a return to the previous high at the $21.30 level. Staying above would help us form a new higher low from which we would start to new recovery. Potential higher targets are the $21.40 and $21.60 levels.
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
Silver showing upside to $24.02 due to Triple BottomSilver has formed a Triple Bottom and is above the 200MA.
These are all bullish signals for a trend reversal and is likely to shoot up.
First target is around $24.02
long entrytrading in parallel channel
at FIB support of 0.236 with green candle closing
long trade with stop loss at upper channel resistance
Silver chart overviewSilver chart analysis
The price of silver formed a new higher high at the $22.20 level. Today, the price broke above the $22.00 level, but the price did not stay there for long, and a pullback to the $21.90 level followed. We are back below $22.00, which could put some pressure on the price. We need a negative consolidation and a drop below the $21.80 level for the bearish option first. After that, the price would enter the previous consolidation zone of $21.40-$21.60. A drop below would lead to a retest of the previous low at the $21.20 level. And a further drop would bring us down to the $21.00 level. At this level, the price could find more specific support and start a new recovery. For a bullish option, we need positive consolidation and a return to the $22.20 level. Then we need the price to break above and stay up. With the next impulse, we could see a further rise in the price of silver. Potential higher targets are the $22.40 and $22.60 levels.
Silver Weekly OutlookWeekly Update, Silver Futures .
The pattern that I expect to see in the upcoming weeks now is also important to know that if any weekly close is above the fork this might be a catalyst for the prices to make new highs.
I can't see it yet playing out but worth bearing in mind.
Cosmic Gravity predicts silver futures shortCosmic Gravity predicts that silver futures price will drop based on 5 bearish signals over 2 timeframes (see charts)
Silver Futures Monthly Log ChartYes, #silver still has more work to do before getting my confirmed breakout call.
Because I use risk & money management, I do not feel #FOMO.
I can make equal or bigger gains, trading from a higher price point, with less risk.
Few understand this.
#fintwit #patience
#SILVER Weekly Major Support & Resistance levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
#SILVER Weekly Major Support & Resistance Levls##Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
DeGRAM | Silver shortSilver is clear in the consolodation .
Price action made a complex pullback. Price bounced off the major resistance level before .
A false break is a great signal and opportunity for a trend continuation trade.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
silver: 5% grows before possible reversalAnd after reaching 21.15 level, then possible downtrend to 17.48 and 16.83.
There is a possible butterfly pattern here, like before on this chat, i added dotted shape of previous movement.
#SILVER Weekly major support & resistance levels.Here providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular support & resistance levels.
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.
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
