Mcx silver forecatMcx silver price analysis. After breaking upside, these r my tgt. Longby ktra_commodities11
Silver - 33 Moons [And An Options Opportunity](Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of attention to Silver and was on the sidelines until it dumped 10 percent this week, and now I believe there is a crazy good opportunity. The problem with Gold is that the Chinese Communist Party bought a lot of it and they're going to get margin called or are the ones actually short selling. The problem with silver is that there's not a lot of it left and it's really needed for technology. When smart money wants to buy they accumulate at low prices and distribute at high prices. Often times what precedes the biggest moves are smaller moves that serve the purpose of wiping out and shaking out early short sellers and trapping retail traders who just love to buy high and sell low. There's a lot of geopolitical risk in the world right now, as you can tell from the weekend "Prigozhin Coup," which I cover the implications of for the US Dollar here. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia But the biggest geopolitical risk is what happens if Xi Jinping gets up one morning and dumps the CCP. Nobody believes this can happen and nobody is prepared for it. But when it happens, it will implicate the whole world for both Xi and China to survive, they will have to weaponize the persecution of the 100 million practitioners of Falun Gong committed by the Jiang Zemin faction starting in 1999. Since much of the world's financial sector and governments have dirtied themselves with Jiang in the persecution, when that day comes, it will mean that everything, everywhere is limit down. The liquidity will be gone, the algos will be off. Markets will no longer be made. It is what it is. In the meantime, nothing about what's going on with silver is bearish. Prices are low and it makes you want to sell, but it's actually a situation where you want to go long. I believe that $21.20~ or $20.80 is what it's aiming for, and afterwards, the target will be at least $29. So, what about options? One of the ways you can trade this move is calls on the SLV BlackRock ETF. Getting in at $19~ and seeing a $10 move would push the ETF to at least $30. There are two things that are significant about this: 1. Jan '24 at the money calls (based on the price right now) are $2.21 2. Average Implied volatility is only 24% and the 52W week low is 23.6% and the 52W high is 36%. What this means is that calls are cheap and if iVol were to expand on a bull run from say 26% to 40% you'd pick up an extra ~$1 per contract on top of the strike gains. The AGQ 2x Bull ETF has even more potential upside but it's a lot more risk and the swings are a lot more dramatic, for really obvious reasons. All of this also means you can speculate in mining ETFs and individual miners. You need to use the underlying commodities as your metronome, though. But this also means you'd have to be able to hold a winning position for 3 or 6 months. You'd want to take profits at $27 and $29. But if you get ahead of yourself and buy the $30+ high thinking that $50 and $100 and $500 are coming, you're likely to get seriously hurt. Something is going to happen in this world between now and Q1 2024 and it's not going to be good news for the people lost in delusion wanting to have happy days and be a big baller. Be careful, and happy trading.by LordWrymouthUpdated 12
SILVER UPSIDESee in Chart Guys.. Trendline If not break 69000 level, then Silver expected again upside till 71500-73000. Let's see..Longby SJ2409Updated 229
Big Flat! Sharp MoveHello friends, I hope you are having a productive week. I would like to share my ideas on the Elliott Wave Principle with you. Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis. I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future. Thank you for your continued support and I look forward to our mutual success. Best regards, Mr. Nobody. Go up and never stop.Shortby Mehdi_Abbasi_EWP225
Silver: Tarnished Hopes ✨💔The silver price is nearing the end of green wave 4, expected to conclude within the $22.90 to $23.62 target range. After this, a substantial decline is anticipated in the form of green wave 5, projecting a drop below the $22.14 support level. This decline will also mark the conclusion of the overarching orange wave iii. The target zone is suitable for short orders, with stop loss orders suggested around 1% above the area.Shortby MarketIntel2
#Silver #XAGUSD Initial Defence Of Weekly Trendline, What Next?In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunities and price objectives to target •Past performance not indicative of future results01:21by Tickmill114
Silver 75,300? mid of Sept 2023Silver seems to be on the way to bottom out..and towards new target. This time seems very difficult to cross 75,300. let's see what is next...Longby MEHUL_ALONDARA6
SI1!, XAGUSD , Silver squeezeTriangle Breakdown will take is down to 19-20$ range Rising DXY having descending Triangle breakout will confirm furtherShortby index_tigerUpdated 4
Silver Trade Silver Analysis #Prices have been showing a strong consolidation 📈 between 70500 and 69400 since August 8th, 2023⏳. With a potential rebound in mind, there's an #opportunity to #target a #near-term #goal of 71400 ⚡ while keeping risk in check at a reasonable level.Longby Ravinder_19035
Precious Metals Schematics: A look into the Macro of FibonacciI have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.Longby MichaelBsul1
Why Silver stands out.In the ever-evolving landscape of global economics, precious metals like silver, often serve as key indicators and safe havens. This week, we'll explore the factors making silver an interesting prospect in today's market. Current Macroeconomic Indicators: The latest Consumer Price Index (CPI) data indicates a slight increase in the US for July, registering at 3.2%, up from the previous month's 3%. Predictive models from the Reserve Bank of Cleveland suggest an impending rise for the August CPI. Concurrently, the Reserve Bank of Atlanta's GDPNow model projects a rise in GDP figures. Silver, Inflation & GDP: The above becomes important when historical data reveals that significant spikes in silver prices often follow periods of simultaneous rises in GDP and inflation. Notably, in years that saw increases in both indicators, silver recorded gains of 38% and 46% in 2009 and 2020, respectively. Conversely, 2002 saw a modest 2% return. Silver vs. Gold: A measure of relative value between the two major precious metals via the ratio of Silver to Gold, further substantiates the idea of a potential strength in Silver. The ratio is trading just off a trend support-turned-resistance and at the upper end of the symmetrical triangle. Resistance here can play out in the format of silver strengthening relative to gold. Yields and Silver: The longstanding inverted relationship of yield and silver can be observed in the chart, but the ratio provides some insights into the limits of this relationship. What’s immediately obvious to us post 2008 there has been a regime change in this relationship as yield grinded lower and silver remains elevated. With no immediate large catalyst on the horizon, it is likely the current regime will hold and hence, the ‘floor’ in this relationship is near. Meaning relative to current levels of yield, Silver is trading on the lower side. Equities vs ‘real’ economy: Beyond being a precious metal, silver's industrial applications—from automotive to solar panels and electronics manufacturing—make it a bellwether for the 'real' economy, akin to copper. Comparing the Nasdaq 100 against industrial metals illustrates a disparity between equities and the 'real' economy, positioning silver as significantly undervalued relative to peers like copper and gold. Positioning: Current market positions, particularly among net Non-Commercials, seem to favor silver with a growing bullish sentiment. Technical Analysis: A noteworthy observation is the persistence of the 22.5 level as a pivotal support and resistance mark for silver, a trend tracing back to the 80s. Prices currently thread above this level and remain supported by an uptrend that began in August 2022. Additionally, RSI points to oversold, and in the past 4 instances when RSI reached such levels, prices quickly rebounded thereafter. Against the above factors, we see support for Silver, on multiple fronts, such as economic cycle, relative value against equities, and underpriced when compared against gold. Hence, to express our view on Silver, we can set up a long position on the Silver Futures at the current level of 22.67 with a stop at 21.8 and take profit at 25.10 . Silver prices are quoted in U.S. dollars and cents per troy ounce and each 0.005 move is equal to 25 Dollars. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. 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 Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.atlantafed.org www.clevelandfed.org Longby inspirante7
DeGRAM | SILVER potential buySilver is in a bullish trend in the ascending channel. The market reached the demand zone, where the price made a sharp bullish move. Price action created a pinbar at the support level, an indication of potential upward momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM111125
silver next movementon seeing daily chart of silver with supply and demand zone ilver likely to retest 75700 provided if it doesnt close below 70000Longby Rajasekar19836
silver in futureFitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+by Cigarer2
Silver 1 Hour Chart on Gann Box overlay Make this layout your own. In this layout you can pick the Time & Price aline for your trading decisions. by LavnyaInvestments4
SILVER FUTUTRE CONTRACT ANALYISI suggest buying silver future contract right now Longby ayyoubboufoul1
Tesla the Russell versus the ES silver7.31.23 In this video I wanted to talk about the Tesla which has a chance to move lower since it still has Sellers and it's hanging out at the 382 reversal. If I had to pick a market to short... the ES versus the Russell....I would be looking for a short trade on the Russell which is Trading in a range as opposed to the ES which is trending higher.... not really showing ranging type behavior. The gold and the silver Are definitely showing you strength.... but I wanted to take a look at a 135 short trade on the silver daily chart Factoring in risk... and showing you the perspective of larger and smaller time frames.... and stops... and triggers. I wouldn't take a short trade in silver if the daily bar is at a high for the day... unless I waited for the next 4-Hour bar in the next hour and 30 minutes...And I'm still not clear if I would short it it's the next bar showed it to bar reversal to go lower. And this is okay because I wouldn't buy it at the high of the day and I can use the alert for the next 4 hr bar. 19:29by ScottBogatin5
SILVER IS A FUTURE GOLD.the chart explains the detail price behaviour of silver. we have used advanced fib to calculate the further moveLongby Atul42498
Does Silver Breakout This Week?Silver is a critical inflection point, can it breakout above this trend line resistance going back to its record high in 2011? Housing Starts for June just missed at -8.0% m/m. In May, Housing Starts surged by 21.7%, released on June 20th, and Silver was -7.34% that week. That was revised to only +15.7%. Its go time for Silver. Longby bill_blue_line113
Silver bullish Go long when it breaks flagSilver in bullish BO of flag .. wait for it be ready with what ifLongby NewInMarket221
Silver Weekly Chart Forming Inverse Head and ShouldersThe red outlines the inverse head and shoulders in the silver futures weekly chart. The dotted line is the neckline. The oval represents where, if silver can CLOSE a weekly candle above the area near $26, the pattern will be triggered. With perhaps a 70% or higher success rate, the probability would be that silver would run up to a measured move from the inverse head around $18 to the neckline around $26. The difference is $8, adding that to the $26 equals the target of $34, which could easily overrun to maybe $36. (PS, often once the neckline is breached, the price will pull back to the neckline again before heading higher.)Longby Bry7770
3 Reasons Why Silver Is Going Up!The problem is that the Dollar has crashed if you check the TVC:DXY -- You will see this -- This means the value of dollar savings is dropping -- The solution for you and me is to buy silver Watch This video to learn moreLong03:15by lubosi2
#SIlver #XAGUSD Targeting A Weekly Equality ObjectiveIn 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 •Past performance not indicative of future results01:31by Tickmill3