SilverSilver futures working on a nice inverted h&s. Probably sends it to new 52 week highs if the neckline around $24.75 holds.
SIU1! trade ideas
Silver The weekly forecast is a little hazy, as prices have been trading in a range of 67300 - 65800 for the past three trading sessions. On the daily chart, the RSI is indicating negative divergence, which could limit the upside rise shown in above chart. Above 67400, further upside is possible, maybe leading to 68800 levels. On the other hand, failure to breach the previous week's high could result in some selling pressure towards 64000, below the main support of 65800.
Major support – 65900, 63900
Resistance – 67400, 68800
It will be a volatile session until next week, with prices predicted to trade on both sides until they stay inside the provided range. As major outlook looks extremely bullish, some downside moves near 64000 can be consider as a great opportunity to accumulation.
Looking at history, silver appears to have a strong seasonality bulling around the beginning of December, so I believe we will see some weakness over the next two weeks provide great opportunity to buy for next bull run.
Commitment of traders non-reporting small speculatorsSilver Future's Weekly Linear Chart, looks like an explosive setup underway.
Look up for now.
Silver Breaking outBreak out , retrace with good support and trend higher.
Should continue to trend higher to green resistance range
$SIlver is off to the moon? Let's see! Godawful continuation patIMHO it is NOT a bullfalg. IT's a continuation pattern with two massive rugpulls to reset fo rth next leg up.
THe S/R lines drawn that go off-screen are historic ones and they are POWERFUL. Watch for them to be acknowledge and crawled amongst.
The Situation In Precious MetalsThis is going to be a dead-simple, quick idea. I've been looking at Precious metals for a while now, and silver in particular. It appears that there is a significant amount of demand for silver near 22, and a large supply of silver between 28-29.
Right now we are trading in the middle of this range, but with inflation picking up and the recent break higher above the short term supply zone near 24.50, we may have increased potential for upside into the end of the year.
I'm looking at some highly levered miners as a derivative to this play (I'm net long $HL derivatives) but nothing else as of yet. I may also look to get short some $TIPS in combination with this off of the massively deflationary UMCSI 66 print this morning.
Silver Playing A PullbackIn this update we review the current price pattern in Silver and identify a high probability trading opportunity
Silver up, first stop 28, then 50+Silver broke out. ABC correction finished. Lets start 12345 wave to 50+.
Silver Looks Bullish towards 70kSILVER looks bullish
IF closing above 66670 then 68K and 70k are the targets .
BUY SILVER AROUND 66666 TGT 72300/76000 AVG@65000 SL BELOW 64000Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
inverse head and shouldersInverse head and shoulders pattern forming on the Daily.
looking for break of the neck line potential 14% upside to the 28.40 resistance.
please comment, all constructive ideas welcome.
Not investment advice.
educational purposes only.
Silver - Inverse head & ShouldersSilver - Breakout of bullish Inverse head and shoulders pattern on the daily timeframe chart.
Only for educational purposes, not a buy/sell recommendation.
silver long we have a breakout of a channel, and a pullback on it,
and we also have another channel being created.
the price broke the resistance and the moving average at once.
expectedly the price will respect the new channel and go on an uptrend
buy market ASAP if you could
Silver Potential 4 Months Head and Shoulders BottomJust happen to be looking at few futures charts and noticed this potential 4 months head and shoulders bottom on #SLIVER with $25 level as neck line
$SLV $SI_F
Silver LONG cot commercial index increasedseasonality and cot data suggesting a long trend in silver.
bonds and gold are also bullish.
looking forward to hold the long position till a daily bar closes below 18 moving average.
Silver: Slowdown Slowed Down! 😟😟😟There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact.
Let's see if the bears can pull the course back down!
Silver LONGGGG!!!Silver is at very crucial level forming inverted head and shoulder pattern with the support of fibonacci level. One can go long with the bullish confirmation at the second shoulder.
DWAC Sliver11.3.21 DWAC Silver: Why would a trader consider going long here on DWAS? What happened to Silver?
Commitment of Traders defined "wake up jolts"Silver Future's Weekly Log Chart and non reporting COT data, combined with periods where silver dwindled below it's 200 week moving average...
Some nice signals that generated 106%, 409% and 462% moves.
