Silver price action linesSimple channel with internal lines based on prime numbers and fib numbers...see the correlation and support/resistance thresholds :)
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POV: Silver - At the Crossroads of Bullish and BearishPOV: Silver - At the Crossroads of Bullish and Bearish
Silver is currently at a conjunction level where both bullish and bearish signs are present. However, stronger signals lean bearish, and my view aligns with that.
Key Observations:
1️⃣ Complex Head and Shoulders Pattern:
A Head and Shoulders
SILVER READY FOR ACTION...MCX:SILVER1! trade at 86900. SILVER FUTURE chart shows its support on previous resistance and ready for moving upside. So you can watch for an upside move.
BUY SILVER Upside Potential: Expect an upside of 1,200–1,500 points.
Target Levels:
First Target: ₹87,900
Second Target: ₹88,200
Third Target: ₹88,950
Stop-Loss (SL): Place a stop-loss at ₹86,980 to manage risk effectively.
Rationale: The trade setup offers a favorable risk-reward ratio with defined targets an
Silver bells have a morbid tone compared to gold target to R24.1Unlike Gold which is still holding its stature in the Symmetrical Triangle.
Silver has broken below not only it's Uptrend but also below the neckline of a Head and Shoulders.
Now commodities don't stay down for too long normally, so I wouldn't be surprised if this market rockets up due to some "
Silver - Bulls have a setup for another final push higher We can count silver as completing the second leg up in a large A up, B down, C up structure off the major pandemic low. The second leg up in a wave C normally stretches to at least 100% ext of the wave A up and is normally subdivided into five micro waves.
I think bulls should produce the final wave
Bias for Gold and Silver for the Upcoming WeekAfter mitigating a weekly FVG and forming an SMT with silver, gold may be signaling a weekly shift to bullish. Additionally, on the daily chart, there was a mitigation of a Volume Imbalance, along with another SMT with silver.
Silver Futures Chart Fibonacci Analysis 010425Trading idea - Entry point > 29.2/61.80%
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 29.2/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% Resi
SILVER: A Bull tale or a Bear story?Silver is at a crucial support which it has been taking since quite some time. Time to bounce back stronger from this support? Keeping global demand of silver in mind, it seems like a great bounce back in silver is. warranted!
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
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MCX provides data to our registered users only, so to get it you'll need to sign up for a TradingView account.
Frequently Asked Questions
The nearest expiration date for Silver Micro Futures is Aug 29, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Silver Micro Futures before Aug 29, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Micro Futures this number is 2.25 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Micro Futures shows that traders are closing their positions, which means a weakening trend.