Silver is special as it is both an industrial and precious metal. So, let’s look at Silver from both points of view to identify what seems to be dimming the shine on this metal.
As a precious metal, we can compare silver with the dollar and yield as both affect the demand for precious metals. Dollar and silver are generally negatively correlated, with a stronger...
Are you feeling paralyzed by the silver price action?
See how I removed noise by adding additional evidence.
#silver #gold #spx #fintwit #northstarbadcharts
Silver's commitment of traders review.
Total non-reporting small speculator longs are in an area where bottoms can be formed.
Still, need to wait for the actual breakout on the silver chart.
In this update we review the recent price action in the Silver futures contract and identify the next high probability trading pattern and price objectives to target
The silver chart is forming triangle pattern that have potential to go down. RSI is also indicating the reverse sign. Now I am waiting only lower time frame bearish pattern to enter this trade.
Who else is noticing silver's fractal move playing out like the March 2020 turn around?
Who else remembers the melt-up move following that turn around?
#fintwit #silver
COMEX:SI1!
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate.
👉 2. Price goes BELOW the selected range. below. Short positions to activate.
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to H4
Silver is currently in subminuette wave 5 of minuette wave 3 down. After finishing minute wave A, silver should experience a tiny rally during minute wave B.
The price of silver retreated from yesterday's high of $20.83 to this morning's low of $20.35. We now have support there, and we could rise above the $20.50 level again. Then we would have a chance to visit the $20.75 level once again and try to move on to $21.00, the next higher target. For a bearish option, we need a negative consolidation and pullback of prices...
✅After the retest of the of horizontal resistance
It makes sense to expect a bearish correction
As SILVER is overbought the market players
Will be taking profit from the level
Fueling a selling wave
SHORT🔥
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I like to move it, move it,
I like to move it, move it,
I like to move it, move it,
We like to move it !
You were bouncing along – admit it! Silver, at any rate, is shaking its booty to the beat, while continuing to move upwards. It should keep up the party mood and hop above the resistance at $20.84 to enter the upper turquoise zone between $20.94 and $22.42,...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trade locations and price objectives to target
SILVER is 27% down from its high of last year. we can see bullish marubozu candle at resistance of 54000 range. Silver has value both as a precious metal and as an industrial one. silver demand has been overwhelmingly tilted toward its industrial side, silver is used in various other industries apart from jewellery. As a result, there is a good demand for this...
