Opportunity :: LONG Silver (Micro)As they say, data says it all.
Silver is systematically rising in a channel on the back of global news and issues.
Data suggests no weakness and upward targets of 189,000 and 202,000.
Good entry point could be near 179,000. This level is 5 EMA support too. Break down or closing below this leve
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Silver pump vs the Algo - Who will win?COMEX:SI1! COMEX_MINI:SIL1! TVC:SILVER
The algorithm has reached a terminal exhaustion state at the 4.0 Standard Deviation Macro-Extension effectively completing the parabolic expansion cycle initiated from the 2024 lows.
The current price action represents a 'Distribution Node' at the 60.00
SI | wk 50 | 1hr chartT.A explained -
BackSide (BS)
FrontSide (FS)
Inverse BS (Inv.BS)
Inverse FS (Inv.FS)
BS & FS levels are expected support when dashed lines, tested when dotted and resistance when solid lines.
The inverse is true for the Inv. BS Inv. FS levels, they are resistance as dashed lines, tested as dotted
SI (Silver Futures) UpdateSI went oversold on MFI, since SLV options are so expensive, I decided to go long on GLD calls instead on that afternoon drop. Looked like a mistake for most of the evening, lol. Probably still is because SLV calls will have a better return tomorrow.
But, I will follow my rule, never kick yourse
How Macro Easing and Physical Tightness Are Repricing SilverSilver prices have surged to unprecedented highs as 2025 draws to a close. In early December, silver pushed above USD 58 per ounce, marking a nominal all-time high (surpassing the 1980 and 2011 peaks) and nearly doubling in value from the start of the year.
This extraordinary rally underscores s
Silver and Gold Flag and Pole PatternBoth Silver and Gold are forming Flag and pole pattern on charts. If the breakout sustains and prices go higher with support of relatively higher volumes, both commodities can achieve higher prices in near term. The momentum is currently on bulls side in both commodities but silver has more relative
Why Silver Is Reaching New High?Why Is Silver Reaching New Highs?”
There are two key reasons for this:
First, it is due to de-dollarization. At this juncture, there are no other currencies ready to take over as the dominant reserve currency. Therefore, the market is turning to precious metals like gold and silver. We can also ob
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Micro Silver Futures (Dec 2023) is Dec 27, 2023.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro Silver Futures (Dec 2023) before Dec 27, 2023.









