Mcx Silver Sell Setup Can Slide Mcx Silver Last Close : 71540 , Sell On Rise around 72771 For The Target 67000Shortby FibooGannUpdated 3
Sell March silver 23.23Sell March silver 23.23. Looking for a breakout of current support and possible test of December lowsShortby Cannon-TradingUpdated 3
Silver 4h setupPrice have retraced back to the 4H extreme OB and have filled the FVG can look for buyside move hereLongby albii_senpai4
Silver Short 12/11/23COMEX:SI1! The recent sharp and sizeable decline sheds some light on the developing pattern. The failure to breach the 26.435 high, coupled with the immediate rejection and 12% decline from said high, indicates the high probability of the completion of a wave X triangle pattern. Upside should remain corrective as prices begin falling through 21.925 and eventually 17.40. A violation of 26.435 voids the pattern.Shortby PhiWaveCapital3
20 Reasons To Buy Using The Gold/Silver RatioThe gold/silver ratio makes you want to buy silver. This also shows you the opportunity in silver. -- Silver will outperform gold. It will reach a point where by everything is expensive except for silver. -- This ratio shows the selling price between gold and silver. This price going up happens when there is more -- silver in circulation. This is based on the quantity of silver in the market. -- Silver is undervalued compared to gold prices. This is the best time to consider buying silver because people are ignoring buying silver. This is because silver is at bargain prices. -- Silver at this time of this writing is in an area of massive leverage. Compared to gold, volatility in silver is higher. -- Remember silver is incredibly undervalued compared to gold. The gold/silver ratio, is one of the confirming indicators. -- Remember that silver is an undervalued asset. Also, this is the best time to accumulate physical silver. -- This ratio represents how many ounces of silver are required to buy gold. This also shows that silver has to catch up to Gold. -- Gold /Silver ratio is one of the best investment strategies. Its during this time that people opt to buy Treasury notes. -- Disclaimer:Do not buy or sell anything i recommend to you do your own research before you buy or sell anything. -- Rocket boost this content to learn more. Long18:27by lubosi4
Can Silver Break-Out? Since reaching recent all-time highs, gold has outpaced silver, and despite a favorable risk asset environment, recent price action in silver has yet to validate a decisive upward move. It's crucial to recognize that silver holds significant industrial applications, establishing a notable correlation with metals like copper and zinc. As these metals are considered forward-looking due to their integral role in various industries, their increased demand is often indicative of growing economic activity, positioning them as leading indicators. Economic Headwinds and Fundamental Challenges: The recent revision of the Atlanta Fed GDPNow estimates for Q4, were lowered from 1.8% to 1.2%, reflecting weaker economic growth expectations. Concurrently, weaknesses in the labor market have shifted interest rate expectations, now pricing in a potential cut as early as March 2024. While easier financial conditions typically boost silver prices as investors seek risk assets, concerns arise regarding demand in the industrial sector, heavily influenced by the business cycle. Can We Break Out? Silver, with characteristics of both a precious and industrial metal, requires more robust fundamentals than gold. Upcoming unemployment rate and Nonfarm payrolls reports will offer insights into the labor market, with further weakness likely leading to lower rates and supporting silver. However, industrial sector strength in China and the U.S. is equally imperative. The Technical Picture: From a technical standpoint, the 21-Day EMA serves as a near-term support, while 26.25-26.75 presents substantial overhead resistance. A breakthrough and close above this level are essential to retest the $28 mark. 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.by Blue_Line_Futures7
previous support is no longerCOMEX:SIH2024 previous support is no longer valid. New sentiment - LONG (use in combination with your own technical analysis)Longby ClashChartsTeam1
Silver like gold has two possibilitiesHello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions. To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis will be helpful in your trading journey and wish you all the best. Sincerely, Longby mehdi47abbasi792212
Reasonable support detectedReasonable support detected. Importantly, this portfolio was built before today's downturn began. Shortby ClashChartsTeam113
thought on silver based on the bolinger band price is at the higher band, if it close outside the band its indicate the continuation of the trend is very likely to continueLongby milzart3
#1 Breaking News Event - - Silver is the best example of the rocket booster strategy -- In this video, we are digesting what is happening in the news --Also you need to see the resistance level of silver in this video --No strategy is perfect always remember that --Remember to do your own research --Inside this video, you will see a 6-month momentum of silver. -- You need to understand that an event is going to happen -- The position of silver is showing you a "safe bet" in the trading psychology Rocket boost this content to learn more. Disclaimer:Do not buy or sell anything i recommend to you do your own research before you buy or sell anything in trading.Long18:50by lubosi2
Can SILVER GOES FOR 84000?This is only for to add in your watchlist, may be its probability to goes up..... May its touch to 84000 or plus..by StocksWatchlist2
Silver COMEX Futures in Wave C3-P3 UPMy price target for Silver is a conservative 1.62 * P1 extension, at $106.Longby CryptoWaves0
Silver Short TradeSilver trading at high levels. High Reward Risk trade availableShortby GulshanSachdev1
Silver Fomo.Zero #Fomo For #Silver Right Now. Zero. distance from 36 month moving averageby Badcharts119
Buy March silver 24.07 on stop, if filled, sell stop at 22.98, Buy March silver 24.07 on stop, if filled, sell stop at 22.98, tgt 25.18Longby Cannon-TradingUpdated 4
Silver on the Verge of a Break-Out!Silver prices are experiencing a robust rally as market sentiment anticipates a slower consumer pace and weakened economic growth heading into the new year. The precious metal, often sought as a safe haven during times of economic uncertainty, is gaining traction as investors navigate an environment marked by concerns about a sluggish consumer and broader economic challenges. Adding strength to the silver market is the recent movement in interest rate yields. The CME FedWatch tool indicates a 50% probability of an interest rate cut in May, with expectations further increasing to a 75% chance of a cut by June. This underscores the market's anticipation of accommodative monetary policy measures to ease financial conditions, further supporting risk assets. In addition to interest rate dynamics, the silver market is closely eyeing industrial data from China. Stronger-than-expected data from the world's largest consumer of metals could serve as a positive catalyst for silver prices in the near term. Crucial for silver's trajectory is the “Major Overhead Resistance” pocket ranging between 25.25-25.63. Traders will look to a break and close above this level, as it would be essential for the precious metal to re-test its 52-week high. As the silver market has begun to move swiftly to the upside, a faster moving average can be used as a support level. A break and close below the 21 Day EMA could indicate slowing price action and consolidation, before a trend is found. 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.by Blue_Line_Futures1
Is this Silver breakout for real?One of the most widely discussed precious metals that has been a sleeper all year (-2.5 %) looks like it is finally waking up again. Silver futures have oftentimes been at the forefront of controversy after multiple failed short squeezes and a series of lower highs and lower lows. Traders often remember the good old days when prices exploded to $50 only to see prices erode to bargain basement prices at $11.76 during the 2020 Covid pandemic. Traders will want to use these two points of reference and draw a wedge pattern that leads us to where we are today, attacking the upper boundary line. Looking at the Silver Chart Silver has delivered a near-perfect breakout, with prices consolidating at the 200 DMA at $23.79 and could extend to the $25 level (August highs). Traders will want to use $23.25 as their first significant level of support, followed by the 50 DMA at $22.91 and $22.45 as your trend reversal point. Potential Chinese Stimulus We expect that once an economic recovery occurs in China, futures will again test $28-30. Given the sharp rise in prices this week, we recommend not chasing this rally and waiting for prices to trade back into the low $23s before gaining exposure. Advanced traders could consider using short-dated call options to maintain exposure. www.tradingview.com 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 Disclaimers *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.Longby Phil_Blue_Line3
SILVER... SOON BREAKOUT Hello Guys, When trendlines on a chart come closer and meet, forming a triangle, it suggests a period of price consolidation. Watch for a potential breakout, indicating a new market trend. BREAKOUT COULD BE UPSIDE OR DOWNSIDE. It's advisable to wait for the price to reach the right level before making any trading decisions. I will share the level as soon I get the confirmationby Shalvisharma5Updated 115
Silver 15min Setup Looks good for buy from marked OB, price can give bounce from here.Longby albii_senpai2
silver 4h setup positional buysilver have taken support from the buyside OB expecting price to hit swing high and give break of structure.Longby albii_senpai0
50% of prior wick entry long on silver and goldtarget the 50% line of the highest wick a FVG entry also confirms that we are in a good spot to buy more metalsLongby responsibletrad8r0