SLV - OTM Puts to Synthetic Call multi leg entryI was long silver for most of 2024, made money both ways through hedged equity (SLV) and various options. I closed by position at $28.50 for a profit, and rode OTM puts to the current 20 day low.
I didn't want to buy at the bottom of the channel because of the overhead resistance where silver futures are now testing. I see a trade setup for a sellside liquidity run (stop sell run) back to around the 25% of the 20 day trading range near support where bullish orderblocks are visible at higher timeframes.
I plan to enter OTM puts 30-60 days out at a strike around approximately 25% the current 20 day range and cover them by buying the underlying (SLV) when they are ITM. The trade setup has a 3:1 risk/reward, but if I can multi-leg enter into a synthetic call I am likely to have little or no risk on the trade, assuming it sets up as I have outlined.
Trade ideas
UPCOMING SIL TREND BREAK
Downward trend since late October with 3 (almost 4) touch points. A break could have a close enough upward support to justify a low risk long entry. Lots of upward room before reaching a level of support and resistance. Would need an additional touch point or more time to justify a short entry on a downward break.
Silvers Consolidation cant last foreverI've been eyeing the possibility of Silver breaking out to the up side since last friday.
Eveything is aligned with my indicators all pointing up.
Found support multiple times on the dotted trend line.
Money flow holding stead and looking for some upward curvature.
Currently long at $31.18, could have certainly obtainted a better position should i have longed using a limit order at the 200 EMA. However thats okay, i have my eyes set on Silver trying to reclaim the $32.00 range shortly.
Last time silver was at those levels we saw a rejection, ill expect some tubulance once were back.
Stay tuned
Uni
,
Sliver Ready to Boom....!
Siler breakout on Weekly and Daily time frame. Sustain above 100 and 200 Days EMA and Retest Confirmation on 50 and 100 Days EMA. Significant price stability above 90,250. Previous resistance level has now turned into strong support. Likelihood upward move Indicate bullish move could be anticipated if buying pressure.
re.
strong move in silver MCX:SILVER1! today's move is very bullish and it is piercing through previous resistance points so i my view there is a w shape pattern forming where the target is previous high of 100000 above lets see how it unfolds and as etf trader i will now wait for the w to form and then will look for a view
SI - Silver Looks GoldenHow does this look?
Yep, I’m stalking a Long, just like in Gold (check out my latest Gold post).
With the price sitting at the Center-Line, it might drop a bit further to the Shift-Line. Or, it could start climbing today.
For me, this is a "building a position" scenario.
Buy… wait… buy more when the price confirms my projection. Or bail out if it doesn’t.
Trading is so simple...
...but SO HARD §8-)
Happy digging!
Silver Futures Chart Fibonacci Analysis 010425Trading idea - Entry point > 29.2/61.80%
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 29.2/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% Resistance
C) 61.80% Support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
BUY SILVER Upside Potential: Expect an upside of 1,200–1,500 points.
Target Levels:
First Target: ₹87,900
Second Target: ₹88,200
Third Target: ₹88,950
Stop-Loss (SL): Place a stop-loss at ₹86,980 to manage risk effectively.
Rationale: The trade setup offers a favorable risk-reward ratio with defined targets and minimal downside exposure.
POV: Silver - At the Crossroads of Bullish and BearishPOV: Silver - At the Crossroads of Bullish and Bearish
Silver is currently at a conjunction level where both bullish and bearish signs are present. However, stronger signals lean bearish, and my view aligns with that.
Key Observations:
1️⃣ Complex Head and Shoulders Pattern:
A Head and Shoulders pattern is forming inside the shoulder of another larger Head and Shoulders pattern.
2️⃣ Fibonacci Levels:
The base of both Head and Shoulders patterns aligns with Fibonacci levels of 0.5–0.618.
3️⃣ Target Alignment:
Targets for both patterns converge at the same level, adding weight to the bearish outlook.
4️⃣ Shoulder Target:
The target for the smaller shoulder aligns with Fib levels of 0.764–0.786.
5️⃣ Weekly Divergence:
The higher head and previous swing in the weekly timeframe show divergence.
6️⃣ RSI (14):
SMA(RSI (14),20) falling below 50, signalling weakening momentum.
7️⃣ 200 SMA Breach:
Yesterday’s close fell below the 200 SMA, a critical bearish indicator.
Disclaimer:
For educational purposes only, not financial advice.
Silver bells have a morbid tone compared to gold target to R24.1Unlike Gold which is still holding its stature in the Symmetrical Triangle.
Silver has broken below not only it's Uptrend but also below the neckline of a Head and Shoulders.
Now commodities don't stay down for too long normally, so I wouldn't be surprised if this market rockets up due to some "catalyst" in the new year.
But until then, the price and nature is bearish and will set a target of around $24.15.
The price does however need to close below the 200MA to make it a higher probability idea.
Silver - Bulls have a setup for another final push higher We can count silver as completing the second leg up in a large A up, B down, C up structure off the major pandemic low. The second leg up in a wave C normally stretches to at least 100% ext of the wave A up and is normally subdivided into five micro waves.
I think bulls should produce the final wave (v) up targeting the Red Box
Weekly Forex Forecast: GOLD & SILVER Are Bearish! SELL Them!This forecast is for the week of DEC. 16 - 20th.
Gold and Silver are both bearish, after raiding the buy side liquidity. Silver is "heavier" than GOLD, so it would be my preferred asset to sell! There is support for lower prices, and no real support for higher prices currently.
Seems like a no brainer.
Wait for a pullback to the -FVG and look for a proper sell setup, my friends.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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