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SIL1! trade ideas

SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 61075 Pivot: 60809 Support : 60248 Preferred Case: On the H4, price is moving below the ichimoku cloud and moving along the descending trendline which supports bearish bias that price will drop from our pivot at 60809 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 60248 in line with the swing low support. Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 61075 in line with the pullback resistance, 23.6% fibonacci retracement and 38.2% fibonacci retracement . Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MCX:SILVER1!Short
by Genesiv
SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 62760 Pivot: 62027 Support : 61455 Preferred Case: On the H4, price is moving below the ichimoku cloud and breaking out from the ascending channel which supports bearish bias that price will rise to and drop from our pivot at 62027 in line with the 50% fibonacci retracement and pullback resistance to the support at 61455 in line with the swing low support. Alternative scenario: Alternatively, price may break through pivot to the resistance level at 62760 in line with the 78.6% fibonacci projection. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MCX:SILVER1!Short
by Genesiv
Silver short viewDuring the Asian session, the price of silver was in a strong bullish trend but stopped at the $ 22.32 level. As the European session began, the price of silver began to recede, finding support in the zone of around $ 22.00. It is now probable that the pullback will continue until the $ 21.80 price and support on the lower trend line. Breaking prices below that support would increase bearish pressure on traders to sell silver and thus lower its price. Potential bearish targets are $ 21.60, $ 21.50 and $ 21.25 level. For the bullish option, we need a new positive consolidation and price growth first above the $ 22.32 level. After that, we will try to test last week's high again at the $ 22.50 level. Potential next above $ 22.50 bullish targets are $ 22.62, then $ 22.75.
COMEX:SI1!Short
by Financebroker
Potential Bullish Momentum On the H4, with price moving above the ichimoku cloud, it supports our bullish bias that price will rise form the buy entry at 61739 in line with the overlap support, 61.8% fibonacci projection and 23.6% fibonacci retracement to the 1st resistance at 64046 in line with the 38.2% fibonacci retracement. Additionally, the presence of bullish pressure at current price on the MACD indicator further supports our bullish bias. Alternatively, price may break the support structure and drop to the stop loss at 58718 at the swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MCX:SILVER1!Long
by Rockqet
SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 62941 Pivot: 62243 Support : 61634 Preferred Case: With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 62243 in line with pullback support to our 1st resistance at 62941 where the 78.6% fibonacci projection, 78.6% fibonacci retracement and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 61634 in line with the pullback support. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MCX:SILVER1!Long
by Genesiv
Silver: Whac-A-MoleYou know the arcade- and computer-game “Whac-A-Mole”, where you have to whack little mole-figures popping up randomly back into their holes? Quite similarly to these mole-figures, silver has repeatedly been popping up into the upper orange zone between $21.85 and $23.46. Now, we don’t want to whack it, as it still has some room in the upper orange zone to finish wave iv in orange. However, as soon as wave iv in orange is completed, silver should indeed move downwards to continue the overarching descent.
COMEX:SI1!
by MarketIntel
Silver looks having topped in a corrective bounceAccording to principle of synchronicity proposed by JM Hurst, from time to time several distinctive cycles reach their respective bottoms simultaneously. In other words, cycles get aligned at bottoms or troughs. However, cycles reach their peaks in asynchronous way! This is why when we deal with a big cycle topping normally it creates a string of multiple peaks. I marked up those triple tops with red arrows for you. Imagine a train with several trucks that goes over a bridge and then goes down the bridge. And those trucks reach the top of the bridge one by one. This is exactly how cycles reach their peaks! That means that you should not expect a strong rally to turn down on a dime right after the first topping signal. You may consider two first topping signals as quick short opportunities and wait for the third topping signal to build a swing short position. The red horizontal lines are levels of resistance produced by peaks of different cycles. The thickest red lines are those that come from the strongest cycles that move price on higher timeframes. Quite often those strong cycles would NOT be the last to top or bottom! Quite often the last one to top would be a micro cycle from a lower timeframe. What I see as a good shorting setup is when price overshoots the resistance of a thick red line, a resistance printed by a cycle from the highest timeframe and hits a micro resistance of a minor cycle.
COMEX:SI1!
by CastAwayTrader
Potential Bullish MomentumOn the H1, price is moving above the ichimoku cloud within the ascending trend channel and is above the ichimoku cloud and supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracment and 78.6% fibonacci projection , to the 1st overlap resistance at 62005 in line with the 61.8% fibonacci retracement . Alternatively, price may break the pivot levle and drop to the 1st support at 61328 in line with 50% fibonacci retracement and swing low.
MCX:SILVER1!
by Tickmill
Potential Bullish Momentum On the H1, price is moving above the ichimoku cloud within the ascending trend channel and is above the ichimoku cloud and supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracment and 78.6% fibonacci projection, to the 1st overlap resistance at 62005 in line with the 61.8% fibonacci retracement. Alternatively, price may break the pivot levle and drop to the 1st support at 61328 in line with 50% fibonacci retracement and swing low.
MCX:SILVER1!Long
by Genesiv
Volatility 19 May 22 Metal Commodities Copper, Gold, SilverHG/ Cooper Futures 19 May 2022 Based on the HV measures from the last 5630 candles our expected volatility for today is around 1.45% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.82% This is translated into a movement from the current opening point of 0.077 With this information our top and bottom , with close to 82% probability for today are going to be TOP 4.231 BOT 4.08 GOLD/ GC Futures 19 May 2022 Based on the HV measures from the last 5630 candles our expected volatility for today is around 0.88% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.1% This is translated into a movement from the current opening point of 19.86 With this information our top and bottom , with close to 84% probability for today are going to be TOP 1835 BOT 1795 SILVER /SL Futures 19 May 2022 Based on the HV measures from the last 5630 candles our expected volatility for today is around 1.68% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 2.1% This is translated into a movement from the current opening point of 0.45 With this information our top and bottom , with close to 84% probability for today are going to be TOP 21.88 BOT 20.98
COMEX:SI1!
by exlux
Silver - 2 Hour SIThe yard relic, garden gnome, bridge troll continues to suck in the misinformed. Thank the Bill Holters, Peter Schiffs and Ghost of Dave Morgans of the Community. It simply never changes. ____________________________________ Idiocy in action, following the same Lynette Zang echo chamber trade. The above carnies.... make $ selling you Shiny rocks. The chart is terrible, COT favors Door Stops, Toe Stubs and the ever-present pool of fools willing to eat the candy and destroy their livers, kidneys and end up #AmberTurd. Good Luck faithful, it isn't a faith-based trade.
COMEX:SI1!
by HK_L61
Get long Silver for the long haul? This chart is a super zoomed-out view of Silver priced in U.S. Dollars going back about 10 years on a Monthly time frame. While I think a very good trade idea could be coming a little later this year (2022), I think the thesis is best illustrated on the longer time frame. As you can see in the chart, Silver spent about a year and a half consolidating in a range between the high $18 range, to the mid $24 range. I've drawn a rectangle from this time period to the Volume Profile to show that a small value area was formed at these prices. Since April 18th, Silver has been crushed - it has barely seen an uptick on it's way to declining about -17%. The broader view isn't much better, as it is down -16.5% YoY, and -6.5% YTD. Over that same time, Gold has held up much better and is up +4% YoY and +1.3% YTD. Consequently, the Gold/Silver ratio has been trending upward on a steady incline. While its possible that the current consolidation range can hold, and Silver can sustain prices above $20 before heading back up, but I think its easier to make the case that Silver is weakening over the near term, and could break its range to the downside. If you believe that inflation will be a problem for months, if not years to come, metals should eventually rebound and back up to retest the previous highs. A break below $20 would likely push the Gold/Silver ratio higher, and offer a fantastic opportunity to get long Silver. with the potential tailwinds of a dramatic price rise in the near future - both in terms of U.S. Dollars, and Gold. If the break lower does come to pass, good candidates to enter longs silver positions would be either via Futures, or options in the SLV ETF. I'd also look to put positions on in the Small Exchange's Precious Metals contract SPRE . While this is product would give exposure to the entire precious metals complex, Silver would act as the driver to push it higher.
COMEX:SI1!Long
by InnerMotionTrading
Silver chart overviewThe price of silver lost 3.3% of its value yesterday, falling from $ 22.39 to $ 21.65. Today's picture is that the price recovered to $ 22.08 during the Asian session, and as we entered the European session, the price weakened and returned to the starting daily position at $ 21.75. We can say that there is more pressure on the lower support zone, and if it does not provide us with adequate support, we will see a new low this week. Our potential lower target is $ 21.50, then the $ 21.25 level. If the price of natural gas finds support here and forms a bottom, then there is a chance that we will see a recovery in the price. Higher targets us respectively $ 22.12, $ 22.40, the zone around $ 22.50, $ 23.00 and at the end the previous high at $ 23.34 price.
COMEX:SI1!
by Financebroker
Short silver market, stop at 24.90, 1st TP 22.23short silver market, stop at 24.90, 1st TP 22.23 **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results** hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
COMEX:SI1!Short
by Cannon-Trading