Get started
Silver FuturesSilver FuturesSilver Futures

Silver Futures

Overview News
Ideas
Discussions Technicals Forward curve Seasonals

SILVER1! trade ideas

[Commodity] Silver Intraday Trade Idea Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX:SILVER1!Long
by Amit_Ghosh
SilverKey Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is currently above the 200 MA, indicating a potential bullish trend. • 50 MA (Yellow Line): The price is also above the 50 MA, reinforcing the short-term bullish sentiment. 2. Relative Strength Index (RSI): • The RSI is around 60, indicating bullish momentum but not yet overbought. This suggests potential for further upward movement. 3. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, indicating bullish momentum. The histogram supports this with positive values, although there is a slight decrease suggesting a potential slowdown. 4. Bollinger Bands: • The price has recently touched the upper Bollinger Band, indicating it might be overbought in the short term. This often suggests a potential pullback to the middle band (20 MA) or lower band. 5. Fibonacci Retracement Levels: • 0.236 (30.94), 0.382 (30.59), 0.5 (30.31), 0.618 (30.03), 0.786 (29.61) • The price is near the 0.236 Fibonacci level (30.94), which could act as resistance. The other levels serve as potential support if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is bullish as indicated by the price being above both the 50 MA and 200 MA. 2. Bullish Momentum: • The RSI around 60 and the MACD indicate bullish momentum, but the slight decrease in the MACD histogram suggests monitoring for potential signs of weakening. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (30.94) and potentially the upper Bollinger Band. • Support: 0.382 Fibonacci level (30.59), 0.5 Fibonacci level (30.31), and 0.618 Fibonacci level (30.03). 4. Momentum Analysis: • The MACD indicates bullish momentum, but the slight decrease in the histogram suggests a potential slowing. This requires monitoring for signs of a bearish crossover. Potential Buy and Sell Levels: Buy Levels: 1. Support at 0.382 Fibonacci Level (30.59): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 30.59 • Stop Loss: Below 30.50 (just below the support level to avoid false breaks) • Take Profit: First target at 30.94 (0.236 Fibonacci level) and second target at 31.42 (previous swing high) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 30.30 (if the lower Bollinger Band is around this level) • Stop Loss: Below 30.20 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 30.80) Sell Levels: 1. Resistance at 0.236 Fibonacci Level (30.94): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 30.94 • Stop Loss: Above 31.00 (just above the resistance level) • Take Profit: First target at 30.59 (0.382 Fibonacci level) and second target at 30.31 (0.5 Fibonacci level) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 30.80 (if the middle Bollinger Band is around this level) • Stop Loss: Above 30.90 (just above the middle Bollinger Band) • Take Profit: First target at 30.30 (lower Bollinger Band) and second target at 30.03 (0.618 Fibonacci level) Summary: • Buy Levels: • 30.59 (with stop loss below 30.50 and take profit at 30.94 and 31.42) • Around 30.30 (with stop loss below 30.20 and take profit at 30.80) • Sell Levels: • 30.94 (with stop loss above 31.00 and take profit at 30.59 and 30.31) • Around 30.80 (with stop loss above 30.90 and take profit at 30.30 and 30.03)
BIST:XAGUSD1!
by KironKavanagh
Silver's Rebound RoadmapGold (June) / Silver (July) Gold, yesterday’s close: Settled at 2356.5, up 22.0 Silver, yesterday’s close: Settled at 32.137, up 1.638 Gold and Silver futures had a phenomenal start to the week but that momentum is stalling amid softness in the risk environment, U.S. Dollar strength, and a surge in yields. As I spoke in my evening video, I wanted Silver to get above $33 last night and set a new swing high; implying otherwise would be concerning. Here we are now, and what matters as today unfolds is the aforementioned outside market narratives and a constructive repose to support. Silver traveled the furthest to start the week and is clearly the local leader; it must hold out above the shelf created amid yesterday’s early whipsaw, now our first wave of major three-star support at 31.59-31.67. Bias: Bullish/Neutral Resistance: 2349-2350.5**, 2356.5***, 2363.7-2365.8**, 2372.2-2375***, 2385.3-2390.2*** Pivot: 2345.9 Support: 2339.2-2341.2**, 2333.8-2335.5**, 2322.5-2325.1***, 2304.6-1212.9*** Silver (July) Resistance: 32.41-32.55***, 32.72-32.75***, 34.12*** Pivot: 32.05-32.19 Support: 31.89**, 31.59-31.67***, 31.37-31.42***, 31.10-31.15***, 30.83-30.92**, 30.50-30.56***, 30.19-30.27**** *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.
COMEX:SI1!
by Blue_Line_Futures