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SILVER1! trade ideas

Vedic trading indicatorAre you looking for an effective trading indicator that can work across multiple markets? Look no further than Najoomi ji's Vedic Ema cloud, Vedic deviation ballinger band, Vedic support resistance based on RSI, and Vedic psychological level indicators! These indicators are based on a powerful combination of deviation bands, market volatility, and support/resistance levels, making them ideal for trading in Nifty, Bank Nifty, Forex, and other markets. One of the key benefits of these indicators is their ability to help traders identify potential trading opportunities and make more informed decisions. By using the Vedic Ema cloud, for example, traders can track price trends and spot potential breakouts or reversals. Meanwhile, the Vedic deviation ballinger band helps traders gauge market volatility and identify potential price targets. The Vedic support resistance based on RSI indicator, on the other hand, helps traders identify key support and resistance levels based on the Relative Strength Index (RSI). This can be particularly useful in markets that are prone to sudden price swings or reversals. Finally, the Vedic psychological level indicator helps traders identify key psychological levels in the market, such as round numbers or price levels that are particularly significant to traders. By keeping an eye on these levels, traders can better anticipate potential price movements and adjust their trading strategies accordingly. So if you're looking for a versatile trading indicator that can help you navigate multiple markets and identify potential opportunities, consider giving Najoomi ji's Vedic indicators a try!
MCX:SILVER1!Education
by astroindia
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that. Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
COMEX:SI1!
by CherPetitPrince
An elusive quest for a silver liningSilver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021. Silver falling more than gold Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar resumed an appreciation path and bond yields rose sharply1. However, silver fared even worse in February (-11.7%), after falling in January as well (-0.9%)2. As gold is often seen as a hedge for economic and financial uncertainty, it is receiving greater support than silver. Silver, as a precious metal with more industrial uses than gold, is weighed by the uncertainty in the global economy as developed central banks are tightening monetary policy at a pace we have not witnessed in decades. Good news is bad news Complicating matters, today good economic news is often interpreted as bad news because markets are pricing in a reaction from central bankers that could sap economic growth from the future. Take the last Global Manufacturing Purchasing Managers Output index reading for example. The February 2023 reading rose to above 50 (50.8) for the first time since July 20223. A reading of 50 and above should be interpreted as manufacturing in expansion. Other things being equal that report should have been positive for industrial sentiment and silver prices. However, because markets interpreted this as cue for central banks to raise rates further and delay monetary loosening, silver prices reacted negatively. This could be a sticking point for silver this year: being flanked by falling gold prices when Dollar and bond yields rise, being hurt by expectations of a delayed pivot by central banks, but not sharing enough of the upside for gold when markets are looking for defensive hedges. Mixed picture in physical markets Macroeconomic considerations aside, some silver fundamentals look strong. Photovoltaic (solar panel) installations are expected to grow by more than 25% this year according to Metals Focus. In 2022, photovoltaic demand accounted for 11.5% of total silver demand (up from 5.6% in 2012)4. Meanwhile jewellery demand is likely to be sluggish as silver in Rupee terms remain elevated (India is a large silver jewellery market). Most silver supplies come as a by-product of mining for other metals. MMG Ltd’s Las Bambas copper mine in Peru was put on maintenance in February 2023, following violent protests in the country. A short-lived truce allowed for production to resume, but Andean communities in Peru restarted blockades this week5. The mine produces an estimated 5.7 million ounces of silver as a by-product annually. Lower silver supplies could support prices. Conclusions Macroeconomic headwinds have set silver prices back this year and may continue to do so as markets price in tighter monetary policy for longer. Silver may have a hard time catching the same defensive bid gold enjoys. Despite strength in photovoltaic demand, jewellery demand may be soft. Tighter mine supply may be price supportive but overcoming the macro headwinds will be key to silver breaking out of its current lull.
COMEX:SI1!
by aneekaguptaWTE
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips