Silver above 30$And just like that... BOOM!
#Silver closes solidly above 28$ and converts that wall of resistance into support.
Enjoy the journey guys!
SIU2025 trade ideas
Silver Quarterly Momentum Breakout?Oh yeah, about that #Silver chart...
This is what I haven't show you...
Check out that possible quarterly defined momentum breakout!
A few more weeks to confirm this.
Silver Semestrial ChartThe second most import close of the year is coming up this June 28th.
All #silver has to do is close solidly above 27$, with minimal upper wick.
Easy right? Only 19 more trading days to find out!
So exciting!
Silver Quarterly MileStoneEven more impressive is that #silver can also lock-in a quarterly defined milestone.
This time converting a "wall" at 27.50$ from resistance to support.
4 more trading weeks till quarterly close.
Oh man... the suspense!
Silver Short IdeaSilver has had a nice run, but it looks like that's beginning to reverse. COT is also showing large net short positions for Commercials.
SILVER (XAGUSD, SIL1!) Daily Bias... BULLISH!You see we have a bullish BOS, it formed a +FVG, pulled back to the +FVG and the BOS, found
support and rallied towards the highs... forming another +FVG.
The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity.
If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going
higher are significantly lower.
Silver SHORT!!! The end of a silver liningSilver has created an important pattern on the chart. The conventional traders look at this as a double top pattern. As a demand and supply trader instead of entering the trade at the break of the support line we will enter the trade on a retracement higher. This area will hopefully induce more institutional selling
UPDATE: Silver trajectory remains up with target at $37If you place the regression channel you'll see Silver has been on an uptrend for the last few months.
We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA...
So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25.
Silver is the second type of safe haven that is common for investors to buy during risky market conditions. Simlar to gold - but is generally on a slower path up.
Next Target is the Trendline TopIn Silver Future, Next Target is the Trendline Top. And Breakout will confirm the Bullish Trend.
Gold & Silver have done very well#GOLD & #SILVER have been on tear for some time.
Both showed bullish patterns & we took advantage of that.
GOLD
We've been long term holders of the shiny metal but we did take a chunk of the "paper gold" profits (stocks, contracts)
Want to step back in but RSI and $ flow have lost some steam, waiting.
Silver
Still looks pretty good.
Volume is still heavy for both = demand.
AMEX:GLD AMEX:SLV $PSLC AMEX:CEF
SILVER BUYING & SELLING ZONESSilver buying and selling zone
price action with good RR ratio is most imp to knoow before placing a trade
Silver Futures AnalysisMost of my ideas have been on the spot index for silver, but I use the futures to chart as well. Along with SLV, there's always another angle. I like the demand zone below for a short target..However, if it breaks above this trendline I'm gonna get out of the way,. It could go either direction at this point.
SILVER (XAGUSD, SIL1!) Daily Bias.... Turning BULLISH!Price has moved as expected, trading through the failed +FVG to the lower more dependable +FVG.
I believe longs will be high probability from here, only when valid signatures by price present themselves.
Chart Pattern Analysis Of Silver
K1 just break up the nearest highest price and the previous uptrend channel,
Perhaps it is in an accelerating status.
If the following candles consolidate here for days,
It is still a potential good place to buy in.
I think It is similar to XAU/USD and Copper/USD.
They are in a status of long-term Bull Market.
Long-31.1/Stop-30.6/Target-33.4
SI USD Eyes on current 4hr candleLosing the channel SHORT t1: $28.85 t2: $27.77
Channel holding LONG t1: $32.47 t2: $36.15 t3: $42.08
silver mcx short tradeMCX:SILVER1!
Looking for short entry on silver
after a rejection from upper levels
Silver's Rebound RoadmapGold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2356.5, up 22.0
Silver, yesterday’s close: Settled at 32.137, up 1.638
Gold and Silver futures had a phenomenal start to the week but that momentum is stalling amid softness in the risk environment, U.S. Dollar strength, and a surge in yields. As I spoke in my evening video, I wanted Silver to get above $33 last night and set a new swing high; implying otherwise would be concerning. Here we are now, and what matters as today unfolds is the aforementioned outside market narratives and a constructive repose to support. Silver traveled the furthest to start the week and is clearly the local leader; it must hold out above the shelf created amid yesterday’s early whipsaw, now our first wave of major three-star support at 31.59-31.67.
Bias: Bullish/Neutral
Resistance: 2349-2350.5**, 2356.5***, 2363.7-2365.8**, 2372.2-2375***, 2385.3-2390.2***
Pivot: 2345.9
Support: 2339.2-2341.2**, 2333.8-2335.5**, 2322.5-2325.1***, 2304.6-1212.9***
Silver (July)
Resistance: 32.41-32.55***, 32.72-32.75***, 34.12***
Pivot: 32.05-32.19
Support: 31.89**, 31.59-31.67***, 31.37-31.42***, 31.10-31.15***, 30.83-30.92**, 30.50-30.56***, 30.19-30.27****
*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.
Silver Historic PatternThis is 3-year CoT index of Silver. Last time Commercials were in extreme low was before COVID crash and before that Feb 2017. Look what happened to the price afterwards each time. On top of that Retailers are in extreme high. Historic indication of bearish Silver market.
Silver bull ideaMy predition is that we going straight for 50 Dollar.
see you @ top.
In the long term i also see cup and handle.
Silver: History May Not Repeat, But it RhymesGold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2392.9, down 33.0
Silver, yesterday’s close: Settled at 31.496, down 0.582
The metals complex was bludgeoned yesterday and given the late session selling, settlement prices do not do it justice. While risk management becomes more important than ever during times of uncertainty, pullbacks or corrections can last longer than one is comfortable, it is also equally as crucial to back out of the forest to see the trees. It is a time like this that I am reminded that during Silver’s path to $50 in 2011, there were multiple corrections of $3 or more. In February 2011, Silver broke out above its December high of 31.27 and on the third session, stretched to a high of 34.33 before consolidating a day and plunging to a low of 31.69. There were four instances like this before Silver peaked at 49.82 on April 25, 2011.
Yes, our Bias remains more Bullish, and it becomes imperative for Silver to have a constructive path and hold out above our two waves of rare major four-star support. The first aligns the April high with the .382 retracement back to the May low at 30.19-30.27. Last night’s low was 30.36. In the case of additional pressures, we will look to a critical area at 29.50-29.72. If that is surrendered, the bigger broader narrative is bending.
Bias: Bullish/Neutral
Resistance: 2375.2-2377.8**, 2385.3***, 2389.6-2392.9***, 2398.9-2400**, 2408**, 2416.2-2417.4***
Pivot: 2369.7-2370.6
Support: 2356.8-2360.2**, 2349.8**, 2340.3-2343***, 2322.5-2325.1***
Silver (July)
Resistance: 31.18***, 31.28-31.32**, 31.50-31.61***
Pivot: 30.91-30.96
Support: 30.63-30.73**, 30.36-30.43**, 30.19-30.27****, 29.50-29.72****
*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.
Silver next stop likely $36Silver continues to find support and is likely headed to $36 next. Ultimately we could see $50 in the months/quarters ahead (say thanks to the Fed criminals).
Silver Futures Under Pressure Yet Targets Remain Intact Today'sToday's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal.
Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative scenario, however, they do not cancel the most bullish idea in the medium and long term.
Despite this, the previously set targets based on the significant positions held by informed market participants mostly unchanged. in addition, it is not the first time that extremely aggressive portfolios appear, aiming at the area of 45-50 dollars.
It's a reminder that in the commodities market, short-term fluctuations are often just noise against the backdrop of longer-term trends and targets.
Defining the Next Leg in Silver and GoldGold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2438.5, up 21.1
Silver, yesterday’s close: Settled at 32.426, up 1.167
Gold and Silver futures each set a fresh record high on Monday and have since consolidated in a large range, which is to be expected. This range is now well defined with major three-star resistance in Gold at 2448.8-2454.2 and Silver at 32.58-32.75; a failure to move out above here could certainly encourage some profit taking, but it also does not have to happen today. To the downside, a soft tape early yesterday and overnight has defined support to be 2408.5-2411.1 in Gold and 31.11-31.28 in Silver. While we do see a number of significant levels of support below here, a range extension to the downside would encourage a consolidation that could last over a number of sessions.
Bias: Bullish/Neutral
Resistance: 2436.9-2441.5**, 2448.8-2454.2***, 2494***
Pivot: 2426-2431.5
Support: 2417.4**, 2408.5-2411.1***, 2400**, 2391.7-2395.5***, 2385.3-2389.6***, 2375.2-2377.8***
Silver (July)
Resistance: 32.34**, 32.58-32.75***, 34.12***
Pivot: 31.69-31.85
Support: 31.11-31.28***, 30.73-30.79***, 30.39-30.43**, 30.00-30.19****
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.
