If you are wondering why #Silver is freezing up... All you need to do is look at its quarterly chart. I can't over emphasize the importance of the wall at 27$. 11 times it was denied, making it a critical level. Bullish momentum is putting upwards pressure on it.
5.9.24 I looked at the dollar, Gold AND silver. the ES... coffee....Natural gas
Today'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...
I revisited silver futures lately and noticed a double three wave pattern unfolding since Sept 2021 as the 'B' wave. We can break down this 'B' corrective wave as a W-X-Y wave, with W as a flat, X as a contracting triangle and Y as a single zigzag. I believe this B corrective wave for silver is completed and it should be on the path of an impulsive 'c' wave with...
Long long and long, long at price area 26.0 - 27.5, SL 26.2, TP 29.9
These levels offer guidance for traders interested in trading Silver MCX Futures in May, providing specific entry points, target prices, and stop-loss levels to manage risk. Range Point: 80,680 Day Range: 958 points Buy Above: 81,034 Average At: 80,921 Buy Target 1: 81,272 Buy Target 2: 81,638 Buyer Stoploss: 80,715 Sale Below: 80,808 Sale Target 1: 80,088 Sale...
silver on multiyear breakout, it has succesfully crossed 800000 level , tetested and now up again for 120000 target. chart is making inverse head and shoulder pattern
Gold (June) / Silver (July) Gold, yesterday’s close: Settled at 2331.2, up 22.6 Silver, yesterday’s close: Settled at 27.614, up 0.924 It is easy to get stuck in the forest and miss the trees. This is especially true when a trend turns violent. In such a pullback as sharp as we have seen across Gold and Silver futures it becomes ever-important as a risk...
After todays gap down opening market is trying to form a symmetrical triangle looking for a short entry
In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio. Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position...
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A nice risk to reward we can get here after a sharp correction market took 2% pullback now i can plan this short trade
If you had any doubts about the 27-28$ resistance for silver... More important the resistance, more important the breakout can be.
Gold (June) / Silver (May) Gold, yesterday's close: Settled at 2346.4, down 67.4 Silver, yesterday's close: Settled at 27.245, down 1.599 Gold and Silver futures have been bludgeoned. If yesterday was not enough, seconds were served last night. Gold is testing into a critical area of support at 2300-2308.5 in which the market must not only hold and respond...
Early forecast for 2024, SILVER will be MUCH HIGHER. In recent weeks I have started to accumulate SILVER and a number of precious metals mining stocks. I believe both will be going much higher over the net year+. Currently $23+ I believe we shall see $26+ by early 2024 followed by $30+ over coming quarters.
The move from March 2020 to August 2020 Was a measured move that played out to the Tee. We have a similar structure building that projects to the High 30's Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
This is not to be taken as a trade. You may use it as part of your collection of 'research' before making your own decision, however. ------- These are explicitly the "best-case scenarios" near term. You can think of the red line as an increasing 'stop loss,' or better put, validation line. So long as the price is above the line, paths such as these are...
Silver hitting HARD opposition at 28$. Silver Important Breakout Line is Also Resistance... not a good look if the upper wick continues to grow on monthly candle