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Silvershort

Reversal in Bullish Thesis on SilverA couple weeks ago I expressed a bullish thesis on silver given the chart patterns, and if the charts acted the way I thought they would've if the underlying asset was truly bullish, we would've gone past the 18.50 level. However, at that level it appears to have created a double top over the course of two months. If it closes below it's 50 and 200 MA I will look to reverse my thesis completely and try to play this thing on the short side. After reading from some of the greatest traders in the world (Seykota, Drunkenmiller, etc.) one thing that I have noticed is their ability to change their mind on a dime and go with the trend. Time to put my money where my mouth is. In terms of getting stopped out, I would look to place my stop right above the 200 MA, which would express a change in the trend. However, I don't want to put it so close to the 200 MA that I get stopped out on a false breakout if that would be the case. Still trying and testing different stops. Learning. All the best, RC
TVC:SILVERShort
by BrandonBeylo
Silver (yearly view/possible scenarios)There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short term. *Important: The silver market is highly controversial and there's clear evidence of insider influence/manipulation of price in the past, so take everything with a grain of salt.
TVC:SILVERShort
by Anarcho-Capitalist
To FED or not to FED, that is the question!My vision on Silver is still the same as described over a month ago: Price of XAGUSD reached 200 day moving average (green line) while 18.24$/oz is a 0.618 fibo. Please also have a look at the stochastic indicators below the chart. In my perception price of silver will move slightly up or sideway, touching red box. The main downward move will happen in mid-March when J.Yellen will decide or not decide on changing interest rates.
FX:XAGUSDShort
by Simon_says
3
Silver Mid-term Short OpportunityHello Traders, Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis. Starting with the fundamentals/macro overview as usual: TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide you. As TVC:SILVER is in our trading watchlist for commodities combined with TVC:GOLD for the precious metals, it may shows some capital outflows coming in near future for mid-term. After President Trump will talk in front of the congress by 2:00AM gmt in which he may give a statement of his tax reform and budged plan. "World financial markets will be scrutinizing the 9 p.m. address in the House of Representatives for specifics of how the Republican president aims to make good on promises to tackle tax reform, boost infrastructure spending and simplify regulations he says are harming business." (source Reuters) His content of the speech and tone will be important. He says to bring "one of the best tax reforms which the U.S. had in quite a long time." In addition markets predicts with a probability of 62.0% vs. 31.0% (yesterday) a rate hike of 25 basis points. This may confirm bearish sentiment towards precious metals as we currently see in TVC:GOLD as well, as it forms our well said bearish pattern. However, keep in mind that the speech by President Trump at 2:00AM gmt could completely change the picture in worst case. As we look at our intermarket indications we we get confirmed with our statement, as they currently warn for a big upside moves on mid-term. They mention a short-midterm outflow of capital! We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading. As seen in the chart, our two of our intermarket indications showing a divergence and currently moving in selling territory which might indicate a soon outflow of capital towards other asset classes. One of them is currently turning south ( Silver vs. Currencies). We take into regard always the BIG 4: Currencies, Bonds, Stocks and Commodities. Looking at the technical perspective and current trading range, we see a clear trend channel in where TVC:SILVER currently moves. However, it currently flirts with a decisive zone (our 50% Resistance Level). Around that level it will be decided what trend direction we see next. As market bounced several times at the drawn trend line above that red drawn decisive range, we might see sooner or later trend reversal patterns. Together with all our analysis, this might confirm our standpoint that TVC:SILVER might move to the downside (first turquoise box or further to the second turquoise box) before continuing long term bullish trend. This move may be initiated in the next 0-3 weeks. If we see a bearish pattern we might take advantage of getting at least a 4:1 Risk/Reward out of the trade. So, summarizing everything together, we believe that TVC:SILVER might fall to the downside at least on mid-term before continuing long term bullish trend. This underlines our intermarket indications that are currently diverging bearish. The fundamental perspective may give Silver a driver to to potential bearish sentiment around the decisive territory as we soon get interesting trading setups. We wish you much success, The Secrets2Trade Team
TVC:SILVERShort
by secrets2trade
Potential SHORT for SILVER XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline breaking the 161.8% Fib level as well as the 1st trend line into the demand zone with a possible rebound on the 2nd trend line. A close below the 50 MA will be a very good reassurance of a confirmed 5th wave downtrend.
FX_IDC:XAGUSDShort
by nickmusey
SHORT SILVER – 2nd TryTrading setup: sell limit @16.15 , Risk-Reward = 2.38 SL@ 16.55 (-40), TP@ 15.20 (+95) _____________________________________________________ - after being stoped out last time with a small win, I go today for the second try to short silver - even if silver is more bullish than gold at the moment, the momentum after a very impulsive move is kind a stalled - gold is usually leading the direction in pm sector and gold is rather week than strong in the last days - so, at least a bigger correction in silver is really possible - if we fall below 15 USD, many SL will be triggered and even a bigger fall (to 14 USD?) is possible _____________________________________________________ Disclaimer: There is a very high degree of risk involved in trading forex , trading on margin and trading at all. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
FX:XAGUSDShort
by fxstudent299
SILVER SHORTSILVER is expected to sink now. The reason why we feel SILVER may SINK. * It may SINK and come near 14.92 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SHORT BELOW :15.25, SL: 15.33, TGT 01: 15.02, TGT 02: 14.92, TGT 03: 14.63. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari