Silver shot higher on this morning's weak jobs report - but before chasing this move, here's what the structure is actually saying.
Price just spiked into a daily gap right around 60–61, exactly the kind of premium zone where NFP-driven moves tend to exhaust rather than continue.
There's a second daily gap sitting just above at 62–63 if price pushes through - two clear levels where the market could find willing sellers stepping back in.
In plain terms: the data created the perfect excuse for a liquidity grab into premium. The weekly profile was already leaning toward a high-early, fade-later type of week — and this spike might have just printed that high for us.
The real targets sit below — external range liquidity at 55.62 first, then the final target at 54.24 where the weekly candle likely wants to close.
Invalidation: A clean daily close above 63.50 changes the picture entirely.
Timeframe: This week, playing out into the weekly close.
Is this NFP move the real deal or just a liquidity sweep before Silver fades? Drop your read below.
Idea-sharing only, not financial advice.
Price just spiked into a daily gap right around 60–61, exactly the kind of premium zone where NFP-driven moves tend to exhaust rather than continue.
There's a second daily gap sitting just above at 62–63 if price pushes through - two clear levels where the market could find willing sellers stepping back in.
In plain terms: the data created the perfect excuse for a liquidity grab into premium. The weekly profile was already leaning toward a high-early, fade-later type of week — and this spike might have just printed that high for us.
The real targets sit below — external range liquidity at 55.62 first, then the final target at 54.24 where the weekly candle likely wants to close.
Invalidation: A clean daily close above 63.50 changes the picture entirely.
Timeframe: This week, playing out into the weekly close.
Is this NFP move the real deal or just a liquidity sweep before Silver fades? Drop your read below.
Idea-sharing only, not financial advice.
Trade active
Playing out EXACTLY as expected so far. Still holding my bearish position on metals and this week end WAR event just confirmed what technicals showed us last week. Well done if you took it we nailed metals direction lately Trade closed: target reached
Worked out perfectly. Huge profits on this trade - well done if you took it 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.