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SILVER1! trade ideas

Another Viscous Wave of Selling From $30? Gold (June) / Silver (July) Gold, yesterday’s close: Settled at 2394.9, up 35.0 Silver, yesterday’s close: Settled at 29.729, up 1.027 Gold futures secured the highest settlement since April 19th, while Silver took out its April high settlement and traded to the highest level since February 2021. Despite the underlying strength and a terrific week, one could view the lack of overnight follow-through as disappointing, and question whether this is another magnificent failure for Silver at the $30 mark. It certainly sets the stage through the end of the week, and the precious metals complex must maintain this momentum or could face another wave of vicious profit-taking. In order to maintain yesterday’s momentum, we must see price action in Gold hold above first key support at 2380.3 and Silver above 29.72-29.80. Despite some of the near-term swings, we view the strength across both precious and industrial metals as sustainable over the longer-run. There is a push for increased electric power use because the green energy revolution, rising E.V. Vehicle demand, and advancements in A.I. have all strained the out-of-date electrical grid. The combination pushes demand for copper, silver, and other metallic metals higher for the first time in a decade. That comes at a time when increased regulation makes it harder to bring on additional supply. Bias: Bullish/Neutral Resistance: 2399.4-2404.3**, 2410.1-2413.8*** Pivot: 2385.3-2387.7 Support: 2380.3**, 2375*, 2369.7**, 2357.1-2359.9***, 2350.5-2351.6**, 2336.6-2342****, 2329-2330.7**, 2316.4-2318*** Silver (July) Resistance: 30.00-30.19**** Support: 29.72-29.80**, 29.58-29.63**, 29.37-29.44***, 29.12-29.26***, 28.93**, 28.76*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:SI1!
by Blue_Line_Futures
Several markets5.13.24 Looking for trades in the ES. possibly coffee. There's a chance that oil may move higher. Generally contracted markets are harder to trade than expanded markets... but some traders may feel there's less risk if they stick with the contracted markets... but this is probably not going to be a good way to trade because you want markets that really move away from your entry price which will give you very good reward for the risk.... and that's more likely to happen in an expanding market.
COMEX:SI1!
by ScottBogatin
2
Dive into the world of options with our latest Silver analysis!In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio. Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position set has a systemic character, even in a negative scenario. But We cannot claim that the participant holds these portfolios without hedging. Further monitoring of the outflow/inflow of open interest will give a hint about the participant's actions and a sentiment for further price movement.
COMEX:SIN2024Long
by ClashChartsTeam
SILVER INSIGHTSwe delve into the dynamic world of growing stocks, commodities, and indices providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, we aim to equip you with the insights you need to navigate the stocks with confidence. Stay tuned for regular updates, technical analysis, and market commentary to help you stay ahead of the curve in your trading journey. Whether you're a seasoned investor or just dipping your toes into the market, our publication strives to provide actionable insights to enhance your trading decisions. Join us as we uncover the nuances of all stocks, commodities, and indices and uncover opportunities in this ever-evolving market landscape. Don't miss out on the latest analysis – hit that follow button and embark on your journey to trading success with us.
MCX:SILVER1!
by JogeshProTrader