Silver backing offTraders who think silver will retreat a bit from recent overbought levels could short the July contract here.
SILVER1! trade ideas
Big Money About to be made on SILVER I had an idea on this last night, but following an IOFED into a higher timeframe FVG, we see on the 1hr chart that SILVER has a HIPPO (hidden interbank price point objective) lower.
There's therefore confluence to get in now on a silver short.
I am not saying silver won't drop and then pop, I'm looking for one single impulsive move down.
Silver has trailers to purge and clear outSilver looking poised for a PM session short here as too many traders are profitable on the longside.
Additionally, DXY looks like it wants to move up in the PM session now, which is confluence.
I think silver is going to take the trailers out back soon.
Silver / BTC RatioSilver has been outperforming BTC since November 2021 , Gold since April 2021 ... that's 2+ years already ... time and price baby ;)
#Silver #XAGUSD The Set Up For A $27 TestIN this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
DeGRAM | Silver short from kill zoneSilver is approaching the resistance level and the fibo level.
The market is in a bearish trend; it's making lower lows.
We anticipate a short opportunity from the kill zone.
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Silver to flash crash to 11$s Silver is always difficult to chart - so this time I've used the fib extension 1.618 to get my target.
We've had several lower highs and now a lower low, so the sentiment is ready for a dramatic collapse to retest the low at 11 NYSE:S
I'll be furiously stacking the physical below the 13$ mark.
The short position of silver does not change, and the rebound co
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Silver also launched a short-term counter-drawing today, but the overall decline is not over, so continue to consider high altitudes in the face of pressure at night. The first suppression in the morning has failed, and you can wait for the second pressure zone to find an opportunity to act in the evening. Silver operation suggestion 23.83 sell stop loss 23.99 target 23.50~23.30
If the silver daily line falls below the 23.50 first-line support, it will still be in a downward trend in the short term. At present, the golden ratio of 38.2% has fallen below, and it will continue to fall to the 50% line after it becomes counterpressure. The intraday pressure is 23.83~23.99, and the support is at 23.5~23.3.
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SILVER FUTURES Stock Chart Fibonacci Analysis 051823 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 23.8/61.80%
Silver is not afraid of rebounding and continues to fall
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Although the rebound of silver within the day was close to the previous rebound high, the bears did not give too many opportunities to rise. At present, the bearish trend is expected to form again. It is expected that silver will usher in another decline in the evening. For silver operation, it is recommended to sell at 24.13, risk control at 24.29, and the target is 23.70~23.35.
The silver daily line continues to close in the negative, but it may not go down again until it fluctuates around the short-term support around 23.70. The intraday pressure is 24.13~24.25, and the support is at 23.70~23.35.
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Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
Bobby's homework assignment part 25.14.23 We followed up on the es and where it was likely to go. After that we looked at the dxy, and then took a cursory look at the silver market before we ran out of time.
Potential Double Top Forming on SI Daily ChartSilver touching major resistance area and potentially forming a double top if it can't break above 26.50.
I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away.
Could go either way, but I think fundamentals support bulls.
Bull Silver24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Double Top Silver?Looks like a double-top on 4 hour SI chart.
Price broke below 50EMA
If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least.
Will it tap the upper trendline all the way down until the break up?
Silver Pulling BackNot perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
2nd Chance Pullback - SI Bullish RSI DivergenceI'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low.
Price then move higher.
Silver Bullish RSI Divergence 4H ChartI'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Bullish on silverplease take a note that you can little by little close your shorts on gold and silver and prepare for long ......
you see big bullish pattern on silver ......
Go long on Gold
Go long on silver you see maybe we encouunter recession in six month ahead , then dont expect silver outperform gold any way .
Short SilverThe price breaks out on range on daily chart. Additionally, the resistance trend line (weekly chart) holds. --> double Bearish signal
COT index bearish and from the week after this week bearish saisonality.
A daily close below 22.20 would be additional sign of weakness
SL: 24.75 (above high of range)
Target: ~18.50 (previous tripple bottom)
RR: ~1.8
Manage your risk and take your own decisions.
Silver H4 Targeting A Test Of 27.35In this update we review the recent price action inthe #silver futures contract and identify the next high probability trading opportunity and price objectives to target
Silver oscillates to repair, or rises and falls
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Silver has also entered a short-term repair and shock market, and is currently in a small rebound in the shock, so wait for more orders to intervene after stepping back at night. For silver operation, it is recommended to buy at 25.0, risk control at 24.85, and target at 25.40~25.55.
Silver is currently rebounding again or testing the top of the range. The intraday pressure is 25.40~25.55, and the support is at 25.0~24.85.
The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life
SILVER SILVER - Short
Silver starting its downtrend
- Below marked pink areas are targets are reversal zones.
- Strict SL is given.
- Analysis done in 1h time frame
