Silver Sideways Make or Break Levels Will RevealAs Far As This is Concerned It's Educational Purpose But Watch For The Levels For Intraday and Positional I Think Silver Good Bet To Buy Above 70500 in Indian MarketsLongby Mayur_Jain0
Silver front month. Look in triangle for new opportunities.Hope everyone made it to the weekend in one piece. Glad to say this week was a profitable one for me. That makes two in a row! Basically I am only meeting expectations at this point, but it feels good. In address to my typical bouts of insanity, I have once again seen countless opportunities go by and often done nothing about it. Staying profitable is the name of the game, and in that sense I'm doing well enough to keep existing. Hallelujah. ---- Here is how I am chopping up silver at the moment. The same lines I had previously are still in place so you can see how bias shifts as lines are reacted to. If price continues to range I wouldn't expect it to go beneath the 100 level area. Where price is residing currently makes that a proposal a bad bet, but if it comes down to the lower end of the broadening cone then R:R gets much more in our favor. Win or lose that wouldn't be the worst play (there is the cursed phrase again). At least you would be putting yourself in a position to maximize upside and limit downside. Once again, what's important is I hope that everyone had a good week. Hang in there. I'm rooting for the bulls. Just not with my money today. I'll probably post a bunch over the weekend, and likely later today. Too wicked to rest for long. Thanks for your support. by emehoke0
Silver may go from $27.80 down to $21As per attached big picture deflationary scenario I am expecting gold and silver to turn into long term down trend at one day, but not now yet. Possibly we are in an intermediate (yellow) wave 4 now, with target around $19-$21 level. 27.80 is the level of 61% correction of the diagonal formed between Feb 1 and March 31, so it is could be a good level to initiate a short position.Shortby Kupitman2
Traditional|SI1!|LongLong SI1! Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. Red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.Longby Henry_RossUpdated 262611
Accumulation ending?Kinda seems like textbook Wyckoff Accumulation at this point. Nothing is guaranteed, but a markup phase should be just around the corner. Also, Bollinger Band Width is extremely low, so there is definitely room for a lot of volatility - which could also be to the downside. I'm bullish. Longby Veuvee1
Silver H1. Waiting on wave 5.Will we see wave 5 as shown on the hourly? I see price behaving as nicely as it can reasonably be expected. I'm a terrible buyer. I'm a smooth operator when the market is selling off, but I am miserable when it comes to buying. The low wicks used to gas up the market always, and I mean always, take me out. I have them placed as low as I can, but for the life of me, I can't make the win rate viable to take the horizontal zone setups. Which is why I typically revert to buying and selling line-breaks, but c'mon I really want to be a horizontal zone trader. It seems so relaxing. It's basically the trading version of the pearly gates if you ask me how I think it would feel. This setup is terrific for me, I know there's a big volume of selling pressure above, but I think that there could be another impulse up, and I'm willing to let the market prove me wrong. I believe this so strongly that this is the type of trade that I would be tempted to execute without a stop loss. I'm aware that entertaining that idea will eventually send you back to wherever you came from, so I should probably just look for a market that's already broken out of its' range to trade, but keep one eye open on silver.Longby emehokeUpdated 0
Silver HTF. Seems like no right answer.I've made my ideas as easily digestible from the chart drawing as possible. For my life, I wouldn't know up or down. I want to say up. That just seems like it would be nice. Longby emehoke441
Silver expressed in Turkish Lira's monthly log chartApproaching another explosion in silver vs the Turkish Lira?Longby Badcharts113
Silver: Waiting for the Entry Point ✅✅✅A lot of you have asked us to analyze the silver price, so here it is! We expect the price to rise between $27.045 and $27.825. From there, we believe that the silver price will be moving downwards for a long time, as we expect it to fall under $20. This would be an amazing opportunity to enter on the long side and hold those positions for an extended period. However, there still remains a 35% chance of an early breakout above $30.35. What would you like us to look at next? by MarketIntel111
#SILVER /SI PROJECTING NORTH OF $100 DOLLARSEXTREME MOVES COULD BRING EYE BOGGLING NUMBERS ON SILVER SILVER BULLION SHOULD OUTPERFORM THE PAPER MARKETLongby BallaJi1
#Silver chart is a volcano ready to blow #silversqueeze Relentless buying of #PhysicalSilver causes a solid higher low to be set in the silver chartLongby savepiginvest1
Small scalp in silver, with RR of 2 for 18 April 2021Can expect some bullishness in silver on Monday...Longby Vaibhav16090
Silver's Monthly Commitment of TradersOpen Interest dropped while silver still above pivot line... Also note the MACD for open interest, last time a violent drop of the sorts, a HUGE rally followed. HANG ON TIGHT! #gotsilver #fintwitLongby Badcharts114
Silver Consolidates - The Path Remains Higher Silver sits at the $25 Level An eleven-year low and seven-year high in 2020, A higher high in Q1 2021 Liquidity, stimulus, and US energy policy support silver China's digital currency is another bullish factor Expect the unexpected in the silver market Silver can be the most volatile of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange. In 1980, the price rose to the all-time high of $50.36 per ounce. In 2011, the price fell short of that peak when it managed to reach $49.82. Silver traded below $10 from 1985 through 2005 for two decades. Silver has not traded below ten bucks since 2008. 2020 was a wild year in the silver market as it traded in an $18.175 range and put in a bullish reversal trading pattern on the annual chart. As the annual chart highlights, silver fell below the 2019 low and closed above the high from that year. Silver has remained above the $23.70 level so far in 2021 and was north of twenty-five bucks on Friday, April 9. Silver is consolidating and digesting its most recent high in early February. The odds continue to favor higher silver prices over the coming months and years, but the road will be bumpy. Silver sits at the $25 level On Friday, April 9, nearby May COMEX silver futures settled at the $25.325 per ounce level. The daily chart shows that since reaching the low for 2021 at $23.74 on March 31, silver has been edging higher. Open interest, the total number of open long and short positions in the silver futures market, has climbed from 151,403 contracts at the end of March to over the 160,000 level. Increasing open interest when a futures price rises tends to be a technical validation of an emerging bullish trend. While relative strength is neutral, the price momentum indicator is rising. Daily historical price volatility is sitting at the 24.70% level, closer to the low than the high in 2021. Silver is consolidating and waiting for the next move after a highly volatile year in 2020. An eleven-year low and seven-year high in 2020- A higher high in Q1 2021 Last year, silver traded in over an $18 per ounce range from low to high. As the monthly chart illustrates, the March price carnage in markets across all asset classes took the price to a low of $11.74, the lowest in eleven years since 2009. Five months later, in August, silver futures rallied to the highest price since 2013 at $29.915. In early February 2021, the price made a marginally higher high at $30.35 to keep the bullish trend intact. Critical technical resistance in the silver futures market stands at the July 2016 $21.095; the level silver broke higher above in July 2020. Above the 2021 peak, the next upside target is at the October 2012 $35.445 level, a gateway to the 2011 and 1980 highs. Continue reading with the link below. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading.Longby Andy_Hecht118
Finding boxes on Silver4.11.21 Finding boxes on Silver ( more to come on silver...probably next week ) Try to draw both boxes.20:00by ScottBogatin1110
Silversilver is close to resistance area given that price failed to break out all times high i assume there is no longer a bullish attack which means we might have a retest on suppotShortby azedinraiss0
Silver setting long term bullish trendSilver looking setting bullish trend on weekly chart. Can buy with stop loss below 64K for T1 69K, T2 75KLongby pankajz111