SILVER FUTURES

Sine VSLV has risen, I openend a strangle at 14,75 and 21,25 for a runtime of 70 days (October 2017). Both ends end up being delta 5 with premium of 230 $ each.

Big candle today moved it from 75th to 100th percentile in this pitchfork. We are now at the top of the channel again. Anything above -$17.20 / out of the channel I'd consider bullish and be looking long towards $17.60

Silver positional outlook

Hello Taders, at my last Analyse I wrote that a sharp decline is still ahead. Indeed Silver declined to my favored targetzone ($16.875), the low was at $16.88. From there the Metal bounced back to the rising Trendline (colored orange) and shows signs of weeknes in my view. So far silver has not managed to overcome the trend line It is still possible that Silver is ...

Silver bear trend continues - the target is 14.5. Probability H.

Hello Traders, by making a new low at $16.60 at Aug `15 Silver move sideways for some hours and advance that to a new intraday high at $16.975. Here it touches a falling trendline which connect the high at $17.24 and $17.555 and last the Intraday high at $ 16.975! RSI is still in bearish zone (below 60) and still declining and the intraday high touches the .618 ...

Hello Traders, as of my last analysis yesterday the possibility for the Triangle was eliminated in overnight trading, the targets instead were achieved! Silver dropped sharply to $16.785, just tics away from my cited range € $17.805! At this level it may look like it is on the way for a reversal. We have now two options : 1. Silver`s decline is done, but would be ...

Hello Traders, not much new to add, but as long as Silver is trading below $17.24 I favor that a Top is in place and Silver is correcting down in Wave 2 ! Conceivable is a Wave "b" as a Triangle of Wave 2 as shown on the Chart by dashed lines. To fullfil this idea Silver has to trade lower in overnight as shown by the dashed line near $17.- - 16.95 zone and end ...

Hello Traders, my last Analyses on a Daily basis from Aug 06 and Aug 08 on a hourly basis went wrong. The "one lower low" that I expected did not occur! Silver kicked off to a maybe multiweek lasting advance in a Wave 3 and stopped declining at the zone of the 1.386 FibExt of Wave a (circle)! A common target for a ZigZag Pattern. At todays high at $17.07 Silver ...

Hello Traders, Silver priced lower in Monday morning Trading and made a lower low at $16.095 as I had favor because of the bearish Engulfing which occurs on the daily chart last week. This level was just tics below the 1.38 FibExtension of the length ot Wave a! From there Silver reversaled strong and create a Candle which looked like a Hammer! Since hours silver ...

Hello Traders, at Tuesday`s tradingsssion Silver create a "bearish Engulfing" on Daily basis which brought a decline on Wednesday and a short Countertrend move on Thursday. At Friday the next bearish Engulfing occurs on a daily basis. We have to expect one more shortterm move to the downside, maybe a Wave c of 2, on the other hand the second leg down is equal in ...

Hello Traders, I have updated my count and placed the labbels under the Chart as you can see. One poosibility is that the sharp decline to the downside is Wave c of iv and it is nearly done or close to be. The length of the suposed Wave c is equal to Wave a ( a bit more) right now. In my analyses of Aug 2nd on a Daily basis I looked to a target area around 16.27 ...

Hello Traders, Silver peaked in overnight Trading on Aug 02 to $16.96! This High marks the top in Wave B or Wave iii. If this high was the Wave iii it expands the length of Wave i 1.618 times, which is a commonly target in EW Rules and guidelines for a Wave iii! From this Level a decline followed to $16.42 (I have left my forecast, marked with the orange TL within ...

I bellieve there is a new downtrend already set and now seems like the right time to enter. The cloud together with the pitchfork show consistent resistance on the move up. I also think this move is related with DXY reaching a bottom soon. A similar feature can be observed in gold. Trade safe, good luck

Median Line test, pullback & Wolfe pattern. Update of https://it.tradingview.com/chart/SI1!/DKhu2gY2/

Hello Traders, sometimes Markets move clear, sometimes they do not! In overnight Trading on July, 10 th a Sell off in Silver occurs, which brought Price to the Level of $ 15.145! This Levels marks the End of a Multiweek decline in the Precious Metal which started at April 17th at $17.74! The following advance ended may last Night in Overnightsession with another ...

Written yesterday.... Hello Traders, Silver Fut are on the Way to higher Highs with differernt Options to know. Silver started it`s clear five wave move up at $15.185 and mark a high at $16.575. From that Level a correction started, shown a "Running Flat" Pattern (in my view) and retraced just a bit more as the 0.23 RT 0.98% 4.21% . A very shallow setback but ...

Hello Traders, Silver 0.18% Fut are on the Way to higher Highs with differernt Options to know. Silver 0.18% started it`s clear five wave move up at $15.185 and mark a high at $16.575. From that Level a correction started, shown a "Running Flat" Pattern (in my view) and retraced just a bit more as the 0.23 RT 4.21% . A very shallow setback but acceptable in ...