Silver COMEX may bounce from here. Silver COMEX may bounce from here. Support at 23 and a bullish wedge formation on daily chart. Stochastic on daily chart also showing an oversold position.
SILVER1! trade ideas
SILVER H4: SELL MAY OCCUR SOON AND SILVER MAY HIT $20 IN A WEEK.SILVER H4: SELL MAY OCCUR SOON AND SILVER MAY HIT $20 IN A WEEK.
The technical and fundamental analysis, chart pattern continues to fall. Its clear sell after getting resistance near $24 and now it runs below the trendline that is clear representing the downfall near $24.
Note: For more information about different pairs of the market, keep following me.
Silver monthly futuresSilver is still a very "UNCROWDED" trade right now.
However, it will be "CROWDED" once it stretches far above its moving average.
Prices will be MUCH higher by then.
#silver
Major Overhead Resistance for SilverSilver futures have faced challenges in the new year, but the market has established higher lows, instilling a layer of optimism for the precious metal.
Like all risk assets, silver will continue to be susceptible to changes in interest rate expectations and the path of the Federal Reserve. Recently, the bond market has tempered its expectations of an interest rate cut in March, with probabilities now ranging from low to mid-60%, compared to expectations as high as 80%+ in late December.
Comparison of Fed’s Interest Rate Projections to Market Expectations:
The latest Summary of Economic Projections outlined the Federal Open Market Committee's (FOMC) expectations for the path of interest rates in 2024. Median estimates anticipate a terminal rate of 470-475 basis points (75 basis points of cuts) by the end of 2024.
Current market expectations are pricing in a terminal rate of 395 basis points (125 basis points worth of cuts) by the end of 2024, reflecting 75 basis points more in cuts than the Fed's latest median projection.
For the market to align with this interest rate trajectory, a significant downward trend in inflation or a slowdown in growth would be necessary. Otherwise, we might witness the bond market realigning expectations, converging with the Fed’s projections and posing a headwind to risk assets like silver.
Technical Analysis:
Silver encounters significant overhead resistance from 23.50 to 23.75. To observe more momentum and conviction, a break and close above this level would be required.
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
CME Real-time Market Data help identify trading set-ups 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
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
DeGRAM | Silver at the reaction zoneSilver dropped from the resistance and broke the lower border of the descending channel.
If we look closely, we can see that the price is near the reaction zone. It bounced off this level multiple times.
If the market fails to break through the resistance level, we can sell at that level.
We anticipate a breakout of the channel and further bearish moves.
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Buy march silver 24.24 and stop at 23.86Buy march silver 24.24, market is approaching support levels and maintaining a bullish tone, stop at 23.86
WAITCritical support zone, indicators slightly negative, expecting downturn until 68300 levels, after which there is a possibility of reversal if it doesn't break the support
Next two days movement will help decide entry
How to short SilverSilver popped up on our TrendCloud Scanning System and started showing us a short signal.
TrendCloud signals started forming and are still working out nicely.
Trend and momentum are both down across multiple timeframes and heading toward the first ADR checkpoint.
If you would like to become consistently profitable so you can move out of the simulator and into a live trading account then click the link in my profile and check out what TrendCloud can do for you.
Chris Juliano
TrendCloud
Silver ChartI think in the short term silver will move in the same way as shown on the chart.
GL
-Saksham
SIH4 SilverLast 15 years this seasonal trade has a 93% success rate. Entry is on paper 12/22 however entering it a little early isn't the end of the world.
Looking to exit before the 9th of Jan but leaving myself room incase i need to leave it open.
"I'm never going to financially recover after that last trade."
-Kewlkat
DeGRAM | Silver 50% retracement levelSilver pulled back to resistance and 50% fibo level.
If the market fails to break through the resistance level by creating a false breakout, we can sell from the confluence level.
We anticipate a retest of the support level since we have a price drop from resistance.
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Mcx Silver Sell Setup Can Slide Mcx Silver Last Close : 71540 , Sell On Rise around 72771 For The Target 67000
Sell March silver 23.23Sell March silver 23.23. Looking for a breakout of current support and possible test of December lows
Silver 4h setupPrice have retraced back to the 4H extreme OB and have filled the FVG can look for buyside move here
Silver Short 12/11/23COMEX:SI1!
The recent sharp and sizeable decline sheds some light on the developing pattern.
The failure to breach the 26.435 high, coupled with the immediate rejection and 12% decline from said high, indicates the high probability of the completion of a wave X triangle pattern. Upside should remain corrective as prices begin falling through 21.925 and eventually 17.40. A violation of 26.435 voids the pattern.
20 Reasons To Buy Using The Gold/Silver RatioThe gold/silver ratio makes you want to buy silver.
This also shows you the opportunity in silver.
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Silver will outperform gold.
It will reach a point where by everything is expensive except for silver.
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This ratio shows the selling price between gold and silver.
This price going up happens when there is more
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silver in circulation.
This is based on the quantity of silver in the market.
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Silver is undervalued compared to gold prices.
This is the best time to consider buying silver
because people are ignoring buying silver.
This is because silver is at bargain prices.
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Silver at this time of this writing is in an area of massive leverage.
Compared to gold, volatility in silver is higher.
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Remember silver is incredibly undervalued compared to gold.
The gold/silver ratio, is one of the confirming indicators.
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Remember that silver is an undervalued asset.
Also, this is the best time to accumulate physical silver.
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This ratio represents how many ounces of silver are required to buy gold.
This also shows that silver has to catch up to Gold.
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Gold /Silver ratio is one of the best investment strategies.
Its during this time that people opt to buy Treasury notes.
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Disclaimer:Do not buy or sell anything i recommend to you
do your own research before you buy or sell anything.
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Rocket boost this content to learn more.
Can Silver Break-Out? Since reaching recent all-time highs, gold has outpaced silver, and despite a favorable risk asset environment, recent price action in silver has yet to validate a decisive upward move.
It's crucial to recognize that silver holds significant industrial applications, establishing a notable correlation with metals like copper and zinc. As these metals are considered forward-looking due to their integral role in various industries, their increased demand is often indicative of growing economic activity, positioning them as leading indicators.
Economic Headwinds and Fundamental Challenges:
The recent revision of the Atlanta Fed GDPNow estimates for Q4, were lowered from 1.8% to 1.2%, reflecting weaker economic growth expectations. Concurrently, weaknesses in the labor market have shifted interest rate expectations, now pricing in a potential cut as early as March 2024.
While easier financial conditions typically boost silver prices as investors seek risk assets, concerns arise regarding demand in the industrial sector, heavily influenced by the business cycle.
Can We Break Out?
Silver, with characteristics of both a precious and industrial metal, requires more robust fundamentals than gold. Upcoming unemployment rate and Nonfarm payrolls reports will offer insights into the labor market, with further weakness likely leading to lower rates and supporting silver. However, industrial sector strength in China and the U.S. is equally imperative.
The Technical Picture:
From a technical standpoint, the 21-Day EMA serves as a near-term support, while 26.25-26.75 presents substantial overhead resistance. A breakthrough and close above this level are essential to retest the $28 mark.
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
CME Real-time Market Data help identify trading set-ups 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
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
previous support is no longerCOMEX:SIH2024 previous support is no longer valid. New sentiment - LONG (use in combination with your own technical analysis)
Silver like gold has two possibilitiesHello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
Reasonable support detectedReasonable support detected.
Importantly, this portfolio was built before today's downturn began.
thought on silver based on the bolinger band price is at the higher band, if it close outside the band
its indicate the continuation of the trend is very likely to continue
