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SILVER1! trade ideas

Strong bullish market in silver!!!!??????Hello friends and good night I hope you had a great week and thank you for your support Analysis of silver = dollar The beginning of the silver market trend from the price of 17.400, which is an impulse or diagonal or multiple zigzag pattern that can form wave one. Wave 2 is also a sharp double zigzag pattern that usually occurs at the beginning of an uptrend If the strength of the bullish market is high, we will definitely see a shallow correction and a strong rise But if we see two complete cycles of one and two (black color) and one and two (purple color), a little higher than the previous level of 24.780 and then a correction up to 50%, finally 60% or this may be a shallower correction. Finally, following the third wave exactly like the larger degree cycle, it happened on March 2020 until February 2021, at which time 1.2 and 1.2 will appear and then the third wave will appear. Good luck ! be happy ! And be patient in your dealings. Buy = down Sales = high
COMEX:SI1!Long
by mehdi47abbasi79
Silver SI - A Simple Trendline and Levels ScalpSilver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality The thesis being that the Nasdaq and tech will moon... Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears And as it does, metals will dump, and once the stock market is exhausted then the pump cycle will rotate back into metals, and things will really go. All that being said, I believe that based on Silver's price action that it's dumped for the purpose of short trapping and liquidating longs and is about to make another move up before silver really starts to head down. A warning on China Since January 10, the Chinese Communist Party has claimed that there has been 0.00 new Wuhan Pneumonia/COVID-19 cases. This comes after news that the country was absolutely sacked by the pandemic after Xi Jinping threw away the disastrous COVID-Zero social credit lockdown blunder. The after effects were so significant that countries like South Korea were suddenly blanketed in difficult-to-explain smog , which may very well have come from mainland cremation furnaces being on full blast. What this tells you is that at any moment, any bullish impulse in markets-at-large can be interrupted by big time pandemic problems, up to and including the USSR-style fall of the CCP. So you have to be careful, and you have to be prepared. Mainstream media is not going to alert you that there's any problems with their darling erstwhile model of the world they want to create: the Chinese Communist Party. They'll leave you ignorant until the disaster is sprung on you like a cantilever and you'll be the one who suffers the regrets. If you have heavy long positions you should really hedge with 60+ day 10% OTM puts on the indexes/index ETFs. The call To understand silver, we have to look at the long term price action. Monthly We're dealing with a _very_ wide dealing range between $30 and $12~. '22's low of the year was only $17.50, and any very very bearish scenario below that could see as low as $13. I have reservations that we see $13. I think that in reality a bear impulse on silver might only go as low as $15, and not for very long. On weekly bars, the present situation is more obvious. Weekly We're dealing with a 10+% pullback with both a trendline and the $25 algorithmic/psychological operation figure that went untouched. Not only did $25 go untouched, but they set a double top there before the curiously-timed dump that gold did not follow. Thus, I believe that what the market makers have set up to do is to raid the $25.50 level, perhaps in the period around Tuesday's CPI and into the end of February, before silver retreats back towards $18. The iShares Silver Trust $SLV likewise set a double top, failing to raid the previous daily high by 2 cents. All the stars are aligning, so to speak, and makes a fine trade long over $25 in anticipation of a Lyft-style fakey trendline breakout: LYFT - Buy the Dip, Ride the Lift $22 --> $25.5 is close enough to 15% and in a time horizon that should manifest before February is out. This play will also knock out a ton of short sellers, while bringing in a lot of momentum traders who like to buy highs. The MMs may also use this to drag in the fools who think that the USD is done and that their bullion will reign supreme, despite us living in an era when every central bank wants to install its own digital currency and its own CCP-style social credit system. And thus, if this pump does manifest, you have to mind your greed. Over $25 is a sell and you want to see big manipulation to the downside, because when this Party is very close to being finished, $50+ silver is legitimately coming.
COMEX:SI1!Long
by LordWrymouth
3
SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Cup and Handle, Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, Rectangles, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
COMEX:SI1!
by BahamasX
Vedic trading indicatorAre you looking for an effective trading indicator that can work across multiple markets? Look no further than Najoomi ji's Vedic Ema cloud, Vedic deviation ballinger band, Vedic support resistance based on RSI, and Vedic psychological level indicators! These indicators are based on a powerful combination of deviation bands, market volatility, and support/resistance levels, making them ideal for trading in Nifty, Bank Nifty, Forex, and other markets. One of the key benefits of these indicators is their ability to help traders identify potential trading opportunities and make more informed decisions. By using the Vedic Ema cloud, for example, traders can track price trends and spot potential breakouts or reversals. Meanwhile, the Vedic deviation ballinger band helps traders gauge market volatility and identify potential price targets. The Vedic support resistance based on RSI indicator, on the other hand, helps traders identify key support and resistance levels based on the Relative Strength Index (RSI). This can be particularly useful in markets that are prone to sudden price swings or reversals. Finally, the Vedic psychological level indicator helps traders identify key psychological levels in the market, such as round numbers or price levels that are particularly significant to traders. By keeping an eye on these levels, traders can better anticipate potential price movements and adjust their trading strategies accordingly. So if you're looking for a versatile trading indicator that can help you navigate multiple markets and identify potential opportunities, consider giving Najoomi ji's Vedic indicators a try!
MCX:SILVER1!Education
by astroindia
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that. Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
COMEX:SI1!
by CherPetitPrince
An elusive quest for a silver liningSilver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021. Silver falling more than gold Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar resumed an appreciation path and bond yields rose sharply1. However, silver fared even worse in February (-11.7%), after falling in January as well (-0.9%)2. As gold is often seen as a hedge for economic and financial uncertainty, it is receiving greater support than silver. Silver, as a precious metal with more industrial uses than gold, is weighed by the uncertainty in the global economy as developed central banks are tightening monetary policy at a pace we have not witnessed in decades. Good news is bad news Complicating matters, today good economic news is often interpreted as bad news because markets are pricing in a reaction from central bankers that could sap economic growth from the future. Take the last Global Manufacturing Purchasing Managers Output index reading for example. The February 2023 reading rose to above 50 (50.8) for the first time since July 20223. A reading of 50 and above should be interpreted as manufacturing in expansion. Other things being equal that report should have been positive for industrial sentiment and silver prices. However, because markets interpreted this as cue for central banks to raise rates further and delay monetary loosening, silver prices reacted negatively. This could be a sticking point for silver this year: being flanked by falling gold prices when Dollar and bond yields rise, being hurt by expectations of a delayed pivot by central banks, but not sharing enough of the upside for gold when markets are looking for defensive hedges. Mixed picture in physical markets Macroeconomic considerations aside, some silver fundamentals look strong. Photovoltaic (solar panel) installations are expected to grow by more than 25% this year according to Metals Focus. In 2022, photovoltaic demand accounted for 11.5% of total silver demand (up from 5.6% in 2012)4. Meanwhile jewellery demand is likely to be sluggish as silver in Rupee terms remain elevated (India is a large silver jewellery market). Most silver supplies come as a by-product of mining for other metals. MMG Ltd’s Las Bambas copper mine in Peru was put on maintenance in February 2023, following violent protests in the country. A short-lived truce allowed for production to resume, but Andean communities in Peru restarted blockades this week5. The mine produces an estimated 5.7 million ounces of silver as a by-product annually. Lower silver supplies could support prices. Conclusions Macroeconomic headwinds have set silver prices back this year and may continue to do so as markets price in tighter monetary policy for longer. Silver may have a hard time catching the same defensive bid gold enjoys. Despite strength in photovoltaic demand, jewellery demand may be soft. Tighter mine supply may be price supportive but overcoming the macro headwinds will be key to silver breaking out of its current lull.
COMEX:SI1!
by aneekaguptaWTE
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips