SilverBullish RSI divergence at weekly demand following through this week. No position but something to keep an eye on these next few weeks.
SVF1! trade ideas
Silver: Keep the Pot Boiling 🫕Quite peppily, silver has vaulted upwards, only to stop short in front of its next destination. Now, it should keep the pot boiling and take up speed anew to make it into the upper green zone between $20.12 and $20.70, where it should finish wave 3 in green. After a short counter movement into the lower green zone between $19.56 and $18.93, silver should continue to climb northwards. There is a 40% chance, though, that silver might need a break and could drop below the support at $17.40. In that case, it should take a detour through the magenta colored zone between $17.23 and $14.14 first before rising effectively.
COT Positioning Indicates Bullish Opportunity in SilverLarge speculators in silver hold a large short position. Net short positions in silver are rare and typically occur near a major low in the silver price. -Jamie
Silver Surging HigherSilver has been in a downward range since the March highs, and is now showing some life to the upside, breaking through the 50-day moving average. We hit a fresh low near 17.50 and were in oversold territory, and since then the market has melted to the upside through strong resistance. Silver still has a ways to go to recoup the losses on the year, still down around $3.00 since the start of 2022. All eyes are on CPI tomorrow and how the dollar will hold near strong support levels, which will be a major catalyst for the precious metals.
DeGRAM | Silver shortSilver is clear in the bearish trend .
Price action made a complex pullback.
IF the market make a false break the resistance level then we can sell it from confluence level.
A false break is a great signal and opportunity for a trend continuation trade.
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SL1HELLO GUYS THIS MY IDEA 💡ABOUT SL1 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
will silver hold the 18 level, a historically important level? For the early part of the decade, 18 was a price ceiling on silver. Since the peak at 50 this century has never been support. will it finally hold?
Silver metal to double bottom or crash to new lows? $slv $siSilver metals are far below the all time highs near $50. Cpi is high and inflation is an issue. What gives? Can the shiny white metal even stop bleeding or is it going to test lower lows due rate hikes, fuels costs, and slowing economic conditions?
Silver INRForming a flag on the charts. SL below lower trendline. Can Target 100k plus is quick time if it break over the upper trendline
Silver SI1 - $35 Is as Far Away as SaturnOne of the most dangerous things about what is going on in the world today, and thereby the markets, is that the middle and lower classes of society are being directly targeted.
There are different forms that the Marxist principle of "Redistribution of Wealth" takes.
Decades ago, it took the form of the "scum of society" being mobilized by the Communist Party to invade and occupy places such as farmland. Then, the evil regime would let the anarchists hold the land for a few years, before ultimately sending in the military to slaughter them and take it for themselves.
This is what "communism" and its precursor "socialism" are really all about, and you'd be wise to reject the entire thing if you want nary a hair of a future.
In recent history, we saw a manifestation of this scheme when the Antifa and Black Lives Matter anarchist groups destroyed property unchecked during the "Summer of Love" riots. That property, which previously belonged to small business owners, often had insurance claims denied and was scooped up on the cheap by large corporations.
In present history, the establishment is simply using a combination of the marketplace and "inflation" to achieve the same ends.
The problem for silver/gold/platinum bulls is that much of the reason you are bullish is predicated on the narrative disseminated to you that "the dollar is going to go bust because the FEDERAL RESERVE keeps PRINTING MONEY OUT OF THIN AIR and what happens when we can't SERVICE OUR NATIONAL DEBT ANYMORE?!"
This is all true, but you should really give it some thought: in the age of computers, social credit, digital identity, and central bank digital currencies, did you really think that the answer to this problem lied in trading metal for rice and flour like we did in traditional times?
You should always remember that the markets can, and will, remain irrational far longer than you can remain solvent.
Some people turned all of their cash into silver and gold, and a bunch of canned fish and beans, waiting for the Mad Max days. Well, what lies ahead is a painful rout on consumer commodities, personal debt, and personal incomes that will leave people desperate and in need of cash liquidity to survive.
And in order to get that cash liquidity, they'll have to sell the silver bars they paid $25-30 for over the course of the last two years back to the fence at prices like $7 or $8.
To be clear: if high prices of the commodity will hurt the middle class, i.e. natural gas, oil, corn, wheat, prices will go UP.
If low prices of the commodity will hurt the middle class, i.e. silver, gold, bonds, prices will go DOWN.
It's going to look something like this (disclaimer: I'm no artist.)
And although you might think to yourself something like "single digit silver again? What a buying opportunity," or "Lmao it'll never drop that far" you should bear in mind this is only true if it bounces in two days back to new highs like it did during "Coronavirus Disease 2019" hysterics, and it'll "drop that far" exactly because retail is thinking "it'll never drop that far" and will fancy themselves brilliant to HELOC and rent a dump truck at $16 and $12, only to get crushed.
If prices are depressed over the long term you won't feel it's very fun to spend money on a bunch of metal that tarnishes brown if you leave it merely sitting on your desk.
I have some. I really like it. But it tarnishes brown while sitting on my desk. Even a dollar store fork doesn't do that.
After retail and the middle class have totally capitulated their spot metals, then, and only then, will we see $35, then $50, then three digit silver.
Of course, this assumes that this society can last that long. And although it can't, the sociopaths on Wall Street will continue with their plans even as the stars in the sky explode before our very eyes.
In the meantime, you should be clear that this is no dip to buy. Silver has no price action to make at $21 until a major reversal, which is not on the horizon, and it is not going to double bottom in any meaningful way at $18.
Ironically you can still blindly short this and if your leverage isn't horrific and your timing isn't worse, you'll make some good money.
There's Silver in them thaar hillsWhen the commercials (large users of Silver, e.g. Solar Panel manufacturers) get close to net long Silver Futures, it often signals we're close to a bottom
Silver heading to 50k mark in the MCXSeems like silver is going to go down further.
Watch the Gold Silver Ratio to see how it is playing out.
Recession fears will drive down Silver further. If silver breaks the 50,000 mark, it will head towards 45,000.
silver broken down today finally buy the dip starts in silver from 17.50 my yesterday published idea for silver just have a look
happy trading
only if it was this easy
wait for silver just wait a little more if u can start ur sips in silver u won't regret it just keep an eye on the marked area it is of too much importance
happy trading
only if oil was this easy
Silver Micro trade setupIt is rising wage pattern a bearish continuation pattern. Most probablity is to break down side and continue bearish trend.
SI D1: buy by market on MO TP 22.50Silver is going to demonstrate more bullishness unlike Gold to set a long-run top prior the further drop till the end of Nov. Thus, this bullish trade might be considered as a hedge for the further strategic bearish positions. Note, that the end of this week is the final dates to set this local high.
SI1!8. 26. 22 Follow up on silver... Working its way towards the target. Homework: Review the first chart, Look at this chart.... draw the lines; Take notes on some of the major points.
Silver Beginning Minor Wave CSilver has completed minor wave B, bouncing off the 0.786 Fibonacci level on Monday, August 22. We should now be in minor wave C.
There are a few possible highly clustered targets for wave C.
21.560: the minimum target. This is where wave C would equal wave A.
21.635: the 0.382 Fibonacci level.
22.565: the minor wave 4 extreme.
22.755: the 0.5 Fibonacci level.
While wave C can go above the 22.755 level without breaking any Elliott rules, it will most likely terminate in the 21.560-22.755 range.
Follow up on oil and silver8.22.22 It's important to think like a buyer and the seller all the time. You need to be aware of support and resistance. This is follow up on oil from earlier today, and silver that was posted yesterday.
