Silver Sept Fut Buy callSilver Sept Fut took strong support and will reverse as per price action.All levels and target mentioned in the chart.
SVF1! trade ideas
Silver Future's 2-day Point and Figure ChartBullish descending expanding wedge breakout confirmed in 2020.
Now a pole flag pole in progress, a breakout above 28$ yields a 42.80$ target (the pole-flag-pole & wedge beginning).
SilverLooks like Silver is in the process of forming a base. Momentum is beginning to improve. Daily RSI moved above 50. If Silver is above to take out the 50 day EMA and 200 SMA, around $26.25, a retest of previous highs of around $28.50 becomes a distinct possibility.
Silver's OBV All-time highsJust like when gold broke above it's OBV all-time highs.... a breakout for silver above this line is HUGE
Silver's OBV defined breakoutsIs this the MOST UBER bullish ticking time bomb chart in favor of silver?
Can explode at ANY MOMENT!
You can thank our latest guest Richard Cormier from @SurfCity_Cycles for me revisiting my "OBV" rabbit hole!
#silver #gold #obv #debt #inflation $dxy $silj #sitfolio
Silver /SI_F | Daily Bullish Falling Wedge, Stay Long/SI_F is providing an incredible opportunity for longs now $25.350
>expecting $26.7, $27.5 within the next couple months
>followed by a correction
>then $28, $29.5 as potential extensions
some silver names to long: $HL $GPL $AG $WPM $SLV
28.07.2021 - Silverm Looks Bullish above 66566Silverm - Sustaining above 66566 for 15 minutes can rally till 67150-67200 intraday itself.
Silver longHas been taking support for weeks. Can be in a long position until it breaks down and sustains the trendline
Silver Future Momentum BuySilver
Range: 66050 - 69000
Our Preference: Buy Silver 66350 back up Buy 66050 for target 68500 with SL only below 65700 (Only if sustain) .
Alternative Scenario: Sell Silver only below 65700 for target 63800 with SL of 450+ point.
Short Term Technical view
There is a weekly Chart of Silver MCX.
Trendline Begin from 27th Nov 2020 Low 57877
Pass by 31st March 2021 Low 62500
Expected on 20th July 2021 Low 66674
The Trendline shows Silver taking support @ 66674, at the same time Silver made a low of 66286 on 20th July 2021.
Silver has a low of 62500 Post high 74222 where is basic 70% of correction complete @ 66050.
Comex Silver has a good support @ 24.67$ where Latest low 24.79$. Which is near the Buy Zone.
Above Trendline & Correction both indicate Silver should Buy from 66050.
As Silver closes below 65700 will exit from Buy Position & short term sell will activate based on weekly close.
Silver: Good time for another move up.Good day. For those who follow me remember I took some profits in silver at "d" The price is now at a good point for "e" if this is a contracting triangle as it appears to be. Watch closely for price action soon that suggests a reversal.
As always process your way.
SILVERMIC2 SignalTopic :
We expect a correction due to the price hitting the support of 67785 using a powerful and heavy drop that has also caused the downside channel to break
1 - The first point to return to the price area is 69433 due to the presence of a node in the movement and the previous collision of the price to this area, and we expect the price to return to a node in the technical analysis.
2 - On the other hand, this node is at the level of 0.382 downward trend of AD wave
3 - On the other hand, this area is the intersection point of the downtrend line with a level of 0.382
4 - On the other hand, this point is also at the level of 0.5 CD wave, and this increases the importance of this area for us.
Note: This analysis is for training purposes only
Please send us your comments
Silver: Long Road Ahead! 🛣️🛣️🛣️For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above $30.35.
Have a pleasant weekend!
Silver, are we getting ready to moon?I noticed a possible pattern in Silver's historical chart. My third yellow line at this point is just a guesstimate. GLTA!
Silver's Elliott Wave Suggests A Triangle is UnfoldingSilver's current Elliott wave pattern appears to be a triangle. Triangle's unfold in 5 waves and silver's triangle is near the end of the 5th wave. Prices may dip to $24.75 where a couple wave relationships exist. Silver does not have to dip and this would not be a tradeable move lower.
Parallel waves in the triangle tend to have 61.8% or 78.6% distance relationships. Wave C = .786 x Wave A. Also, Wave D = .618 x wave B.
Based on the general look of the structure and some geometry within the structure forming, it does appear we may be on the finishing stages of a triangle pattern.
If this triangle is the pattern, then silver may dip to $24.75 though it doesn't have to. This is a bullish chart to new highs
If silver runs up to new highs, this may suggest a weakening dollar which is what we've discussed on some of the forex pairs in the Elliott Wave Weekly Report.
Good luck!
Silver: Bearish Comeback! 🧸🧸🧸The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70.
Happy weekend!
