Silver. Another asset ending wave 4?Triangles happen in 4th waves, and silver has clearly developed a nice wave 4 triangle about to end. In a few weeks silver is going to work it's way to an ideal price of 40.
Silver Mini Futures
Trade ideas
Silver: JumpyWhile bears aren’t normally known to be jumpy, the bears on the silver market have just shown signs of scariness. They must have been so focused on their way downwards that they didn’t realize how close they had already come to the support at $21.98. Although they have shrunken back from this mark, we expect them to pick up courage again quickly – after all, they have been so strong and composed lately. So, the bears should push silver below $21.98 and towards the orange zone between $20.91 and $19.59, where wave iii in orange should end. Then, a countermovement should lead silver back above $21.98, where it should finish wave iv in orange before resuming the overarching downwards movement.
$SLV Long 50 JUL callsWent long 50 JUL SLV 23.5 calls.
Nice looking chart and I like the R/R on a move to at least the top of the box. Will reduce the position there and manage on price reaction.
Mental stop just below 30 wk MA.
Nice consolidation with accumulation type buying, cup and handle with a good retrace from the JAN to MAR move, I think it's going for next leg higher.
A break above the box should expect a massive move, as this has been digesting since AUG 2020.
If calls go farther ITM may sell bi-weekly calls against them to reduce my cost basis, playing it day by day week by week.
Miners and Metals look good overall, many above 30wk MA.
Cheers
silver's secular bull is only startingsilver's 3rd wave of III is coming and will leave many behind...
Silver Futures ( SI1!), H4 Potential for Bullish BounceType : Bullish Bounce
Resistance: 23.870
Pivot: 23.280
Support : 22.875
Preferred case: Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 22.875 in line with 161.8% Fibonacci extension, 100% Fibonacci projection and -27.2% Fibonacci expansion.
Fundamentals: No major news.
Week 17 Preview Silver has a COT short setupUpdated My watchlist with short and long setups www.tradingview.com
Silver Pivotal Equality TestIN this update we review the recent price action in Silver and identify the next high probability trading location and price objectives to target.
Silver Futures (SI1! ), H1 Potential for Bearish DipType: Bearish Dip
Resistance: 26.415
Pivot: 26.160
Support: 25.835
Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection .
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection .
Fundamentals: No major news.
Silver Futures (SI1! ), H1 Potential for Bearish DipType: Bearish Dip
Resistance: 26.415
Pivot: 26.160
Support: 25.835
Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection.
Fundamentals: No major news.
SILVERM1! profit booking area happened 18-04-2022 9:00 to 15:55as per my understanding, today first segment of profit booking completed. second segment of profit booking will start soon around 750++ points, as per GANN.
Silver Buy ActivatedGood time to buy Silver either CMP or a little downfall and then buy with good risk & reward ratio
Bias more on upside. 16 April 2022
Silver May kick start it uptrend after consolidate since the previous breakout.
Resistance: $30
Immediate Support 24
Support 21
Silver in the Channel Published an earlier version of this idea with more poorly drawn corridors, but it seems for the most part to be validated for the time being. I expect silver to challenge recent highs and potentially cool back down toward mid 20s once that happens (before moving up further). However it is entirely possible that once silver reaches these targets that it simply continues to tear through them - it depends on other factors, but regardless, I am LONG.
I think metals, and silver especially, will be rising moving forward both in the short, medium, and long term. Inflation is only beginning, monetary conditions are changing worldwide and the financial system is on the brink of a paradigm shift. Out with "old" thinking and in with even older thinking!
Post Script: I'm a noob here, so apologies for any miss-steps.
SILVER - FALLING WEDGE TARGET $ 27.9850
Falling wedge confirmed ! Target $ 27.9850
Clouds and Mid Bollinger Band hold
Curently above the Kijun-Sen
Buying opportunity from current level and on dips towards the top of the daily clouds area.
IRONMAN8848. - Jean-Pierre Burki
SILVERMIC Looks Bullish for short term- Silver 1D TF
Trading in range and may touch Upper Range.
- DO no t expect it to Break upper range and one more move to lower range is expected
- Commodity price will increase as per news
