Silver showing upside to $24.02 due to Triple BottomSilver has formed a Triple Bottom and is above the 200MA.
These are all bullish signals for a trend reversal and is likely to shoot up.
First target is around $24.02
SILVERMIC1! trade ideas
long entrytrading in parallel channel
at FIB support of 0.236 with green candle closing
long trade with stop loss at upper channel resistance
Silver chart overviewSilver chart analysis
The price of silver formed a new higher high at the $22.20 level. Today, the price broke above the $22.00 level, but the price did not stay there for long, and a pullback to the $21.90 level followed. We are back below $22.00, which could put some pressure on the price. We need a negative consolidation and a drop below the $21.80 level for the bearish option first. After that, the price would enter the previous consolidation zone of $21.40-$21.60. A drop below would lead to a retest of the previous low at the $21.20 level. And a further drop would bring us down to the $21.00 level. At this level, the price could find more specific support and start a new recovery. For a bullish option, we need positive consolidation and a return to the $22.20 level. Then we need the price to break above and stay up. With the next impulse, we could see a further rise in the price of silver. Potential higher targets are the $22.40 and $22.60 levels.
Silver Weekly OutlookWeekly Update, Silver Futures .
The pattern that I expect to see in the upcoming weeks now is also important to know that if any weekly close is above the fork this might be a catalyst for the prices to make new highs.
I can't see it yet playing out but worth bearing in mind.
Cosmic Gravity predicts silver futures shortCosmic Gravity predicts that silver futures price will drop based on 5 bearish signals over 2 timeframes (see charts)
Silver Futures Monthly Log ChartYes, #silver still has more work to do before getting my confirmed breakout call.
Because I use risk & money management, I do not feel #FOMO.
I can make equal or bigger gains, trading from a higher price point, with less risk.
Few understand this.
#fintwit #patience
#SILVER Weekly Major Support & Resistance levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
#SILVER Weekly Major Support & Resistance Levls##Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
DeGRAM | Silver shortSilver is clear in the consolodation .
Price action made a complex pullback. Price bounced off the major resistance level before .
A false break is a great signal and opportunity for a trend continuation trade.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
silver: 5% grows before possible reversalAnd after reaching 21.15 level, then possible downtrend to 17.48 and 16.83.
There is a possible butterfly pattern here, like before on this chat, i added dotted shape of previous movement.
#SILVER Weekly major support & resistance levels.Here providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular support & resistance levels.
SilverMic Futures MCXthis chart shows now where is price moving through the chart
the levels mentioned in the charts are references, I was expecting silver to go into a downtrend for a few days.
SILVER 1DPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Silver Bull Flag1. Large bull flag on the weekly
2. Support tested and held
3. Global macro lends itself to store of value thesis, in addition to green transition requiring silver.
░🔮░SILVER FORECAST | 1W ░🔮░COMEX:SI1!
Eve is out sick right now (I temporarily broke her during an update). So I am posting solo no Eve, no Gordon.
I placed layed this forecast out in May when I posted this 30 day forecast. That played out here:
So far this one is looking good and very accurate.
What do you think? Will this forecast play out? Will we see (around) double the price in Oct 2023?
Silver chart overviewThe price of silver additionally fell today from yesterday's $19.20 level to $18.80. A strong bearish impulse in the previous four hours could cause the price of silver to continue to weaken and revisit last week's $18.00-$18.20 support zone. For a bullish option, we need a positive consolidation and a return above the $19.00 level. After that, we could expect the price of silver to try to recover above the $19.40 level. This would move us into a positive zone from which a new bullish impulse could emerge. Potential higher targets are the $19.60 and $19.850 levels.
Silver Futures Daily Log ChartSilver has more work to do before a solid uptrend can be renewed.
Stay clear until chart tells you it's time to get back in.
#patience #fintwit #silver #gold
Silver chart overviewThe price of silver this morning formed a new higher high at $19.67; we did not stay there for long because the price retreated very quickly. Today's minimum was at the $19.05 level, after which we see an immediate minor recovery from the $19.20 level. For a bearish option, we need a negative consolidation and a drop below the $19.00 level. Then we need to stay down there for the bearish trend to continue. Potential lower targets are $18.80, $18.60 and $18.40 levels. For a bullish option, we need a new positive consolidation and a move above the $19.40 level. We need to stay there and continue the silver price recovery with a new bullish impulse. Potential higher targets are the $19.60 and $19.80 levels.
✅SILVER LOCAL LONG🚀
✅SILVER was trading in a downtrend
But now we are seeing a bullish breakout
So I am locally bullish biased
And I think that the Silver will go further up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud , The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are no major news
Silver long positionafter a series of lower lows and lower highs trend is broken
possible indication of trend reversal
and entry for a long position
Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 19.965
Pivot: 18.830
Support: 17.495
Preferred Case: The H4 price is below ichimoku cloud, The price may drop form the pivot at 18.830, where the overlap resistance is to the 1st support at 17.495 where the swing low sits
Alternative scenario: If there is a price reversal, price will move to 19.965, where the overlap resistance and 61.8% fibonacci retracement are.
Fundamentals: There are no major news
