predictive analysis of mcx silver in dcb.MCX:SILVER1! predictive future paths drawn on the basis of present price action & support resistance zones.
SIU1! trade ideas
gold silver DXY2.20.23 Gold and silver have been going lower because the dollar is going higher. That is a common relationship. However, there are times when the bullion banks short the paper and buy the physical. If you wanted to own gold and silver, these Corrections lower on the metals maybe a time for you to accumulate some precious metals period if you already own gold and silver ...Whether it is at home or in an IRA, or in a vault...You can in effect Arbitrage your longer term positions by scalping in and out of the Futures market. On a psychological level , I think it's easier to do that with the metals market that it is the triage a large position in equities stock such as Tesla or IBM or Amazon. Since I don't Trade stocks or try to Leverage A stock position, I don't know how this affects capital gains... so you really must check with an accountant who can see what you're doing and decide what the tax consequence is... because I really don't know.
..
I am paper trading this in Silver MCX.As disclosed in the chart drawing based on higher time frame and the lower time frame, I am shorting silver in mxx india ...
Just my thoughts on #silver1) Bottoming pattern
2) Support at 150 DMA
3) Nice bullish candle on the daily
4) Support area
SILVER - Potential Upward MovementSILVER EMA about to cross HA Trend Follow upwards. Exit at upper BB
Wave 3 in Silver is COMING; DON’T MISS OUT!!!Silver is my first ever post in TheHouseofCharts; why you may ask? The answer is straightforward; wave 3 is about to start brewing. Traders will notice that trading impulses are much easier than any corrective wave, and which impulse is the strongest or “Technically not the shortest” … you guessed it, wave 3.
There is a high possibility of wave 3 to start soon once wave two ends ~ around USD 19/ 20 levels. Then expect a pop towards USD 32.
I hope you enjoy the ride!!
thehouseofcharts.com
Silver Futures Monthly Log ChartSilver. I do not want to see a monthly close below 22$.
Rocket ships still await above 28$.
Let the market do the hard work for you, so patience.
#silver #xagusd #fintwit #inflation #recession
Silver Futures ( SI1! ), D1 Potential for Bearish DropTitle: Silver Futures ( SI1! ), D1 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 24.750
Pivot: 22.940
Support: 20.805
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 20.805, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 24.750 where the previous swing high is.
Fundamentals: There are no major news.
Short Term Silver BearishSilver showing a short term bearish trend.
Spotted an short entry on the upper trendline.
target short term profit at lower trend line.
Silver Futures ( SI1! ), D1 Potential for Bearish DropTitle: Silver Futures ( SI1! ), D1 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 24.750
Pivot: 23.180
Support: 20.805
Preferred case: Looking at the D1 chart, my overall bias for SI1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 20.805, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 24.750 where the previous swing high is.
Fundamentals: There are no major news.
SILVER Futures: Potentilal Bull Flag on the monthly Bull flag seems to be developing in Silver futures on the monthly chart.
If the breakout happens, it could lead to decent appreciation in the price of the precious metal.
A breakdonw below $20 mark would invalidate this scenario.
Appreciate any comments and happy trading!
-LTT
Silver Futures weeklyI expect the Dollar index $DXY to rise until at least May. This should lead to a short term decline in silver futures and spot -- I would buy at the 50% retrace, which is also near the last pivot high of 21.225 going back to 7/2016. I will be looking to add silver numismatic coins to my collection, I already am loaded up on gold.
Exaggerated Bearish RSI Divergence in SilverExaggerated Bearish RSI Divergence in Silver
Short sell if break 67,500
Stop loss 68,500
Target 62,000
1 month timeline
A quarterly close above 28$ MEGA rocket ship timeYes. MEGA rocket ship for #silver with a close above 28$ on quarterly candle chart.
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
