SILVER FUTURES

Commercials net short at 2015 bottom level $SI_F

Silver has been selling off here. It has reached some technical resistance and has had large volume last couple of days.

the Cloud looks heavy and preventing Silver to break through and reaching a decent flying altitude the analogy shown in the monthly chart could drag it down if the MACD crossing south is confirmed however, we are entering the 9th week of cycle and Silver usually follows the pattern of 8-9 weeks cycles

Notice the commercial buying on top of the hammer. Wants higher. Very bad R/R for shorts.

Last Wed we noted numerous stars aligning for a Tradeable long position in Silver. All we needed was a rally above 16.15 and we'd be off to the races. (please read last weeks Silver commentary for full explanation). Almost on que the Banksters proceeded to bomb Silver (during the most illiquid trading hours of course) and instead of a rally we got another wave ...

IH&S PO at 102 area $SI_F

Correlation with gold turning negative $GC_F

Silver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 ...

Silver has had a rough go of late, but we have the conditions in place for a Tradeable bounce. Here is the setup. 1 - Very constructive COT position. Commercials 18month score on their net position is a very bullish 76%. This was as of last Tuesday with Silver @ 16.59 - The latest washout will show they added to their longs while Trend following funds continue ...

We just reached the bottom of this pitchfork and there are several signs of bottom here. Wait for your signal and enjoy. Thanks for your comments.

Dollar looks very weak. We saw a typical sell off of metals going into FOMC and expect to resume our upward trend. Great long opportunity here.

Looking to short Tiffany vs silver prices

#Silver $XAGUSD

Weekly swing low confirmed, heading to supply zone $xagusd

Dollar ripping but metals not breaking out... yet. Sensible short here

When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected ...

So I have been having a pretty good day and might be pushing my luck here but -- this is what I am watching for on Silver for the next 1-2 days (or until proven wrong, anyway). I am already short based on the near-completion of a much larger bearish 5-0 pattern (idea shared by @pixi -- thanks!). I have now identified two bullish sharks, both of which, if ...