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Silver Futures ( SI1! ), D1 Potential for Bearish DropTitle: Silver Futures ( SI1! ), D1 Potential for Bearish Drop Type: Bearish Drop Resistance: 24.750 Pivot: 22.940 Support: 20.805 Preferred case: Looking at the H4 chart, my overall bias for SI1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 20.805, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 24.750 where the previous swing high is. Fundamentals: There are no major news.
COMEX:SI1!Short
by Genesiv
Silver Futures ( SI1! ), D1 Potential for Bearish DropTitle: Silver Futures ( SI1! ), D1 Potential for Bearish Drop Type: Bearish Drop Resistance: 24.750 Pivot: 23.180 Support: 20.805 Preferred case: Looking at the D1 chart, my overall bias for SI1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 20.805, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 24.750 where the previous swing high is. Fundamentals: There are no major news.
COMEX:SI1!Short
by Genesiv
Silver outperform gold during crisis Silver outperform gold during major crisis. During each crisis, Gold and Silver always performed exceptionally well compared to many other markets. In this study, we could see that during major crises, silver outperforms gold. Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset. Interestingly, prior to each of its extreme peaks, the market did provide us with clues on its first wave. For the coming extreme, the first wave has just completed its moves. There is always a fundamental story tied to its first wave, follow-by an explosive move. What could be the story this round on its first wave? Covid follow-by high inflation? CME Micro Silver Futures Minimum fluctuation 0.005 = $5 0.01 = $10 0.1 = $100 1 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com See following link for the video version.
COMEX:SI1!Long
by konhow
Silver Futures ( SI1! ), H4 Potential for Bullish ContinuationTitle: Silver Futures ( SI1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 24.775 Pivot: 706.50 Support: 22.845 Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high is. Alternative scenario: Price may head back down towards the support at 22.845 where the recent low is. Fundamentals: There are no major news.
COMEX:SI1!Long
by Genesiv
Silver more precious than goldSilver performed better than Gold in percentage term during each crisis. We will study into the history of Silver and Gold. And during each crisis, Gold and Silver always performed exceptionally well compare to many other markets. Content: . Its price behavioural leading to each peak Price behavioural studies provide us a fundamental reason for every price movement. Especially the significant ones. Micro Silver Futures Minimum fluctuation 0.001 = $1 0.005 = $5 0.01 = $10 0.1 = $100 1 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:SI1!Long
by konhow
1
Silver trade - SHORTSilver has been retracing to 0.786 fib level and selling off to 0.382 fib level. This has been roughly a 10% drop in price. This has happened on the red circles (indicating short) with take profits shown at green circles (@0.382 fib level). The current cycle we are in has us up at 0.786 fib level again. The take profit is shown at 0.382 fib which is a 15% drop in price. A more conservative TP is shown in orange circle (which corresponds to a 10% drop in price as we have seen with previous 3 retraces). RRR for entry at $24.2 price level with 3.6% risk is 2.9 for orange circle and 4.2 for green circle. On a macro perspective we have: 1. TA: downtrending parallel channel with price near top of channel. 2. Correlations: Dollar moving down currently and gold moving up while silver is consolidating. Hence silver is in a non-correlating state with both gold and dollar currently. Typically is correlates with gold and is inverse correlation with dollar index. Hence, it should soon pick a direction. With gold moving up we have a conflicting signal suggesting upward move, but gold could also be coming to a resistance point too. Trade plan: 1. Could wait for gold to hit resistance and head down and silver should follow. Hopefully it follows late. 2. Could enter short now and be okay with getting stopped out long if wrong.
COMEX:SI1!Short
by fchawla
Bull Flag trading Long Silver HUGE MOVEAll details are on the chart. This is the weekly chart for Silver. From left to right, you can see that Silver consolidated for 2.5 years before it started the big move Upwards in 2019. Price dip in March 2020 with COVID as everything else then it recovered to make a HUGE MOVE to ATH (ALL TIME HIGH) of ~79000. Since then, Price has been consolidating in a Channel for ~2 years now and it has a beautiful Bull Flag Pattern that has formed. You can see in the round green circles i drew in the top of the channel that price has already tested that area 4 times. From my experience, the more a Resistance or Support is tested, the weaker it gets. All eyes are on a Recession for 2023 and in all Recessions, metals goes up big time. Unless some external forces save us from Inflation and Recession, history will repeat. If we look into the charts, the pattern also tells the same thing. Bull Flags are 67% accurate when they break to the upside so as for possible Targets, you can see that Target 1 is half way the distance of the Flag pole which also coincides with the width of the Parallel Channel. That is a great Target 1. Target 2 will be the move of the Bull Flag which is a measured moved and it goes the same distance of the Flag Pole. Happy trading. As always, comments, likes are welcome. thx.
MCX:SILVER1!Long
by ppatrading101