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Silver (Mini) FuturesSS

Silver (Mini) Futures

38.6000USDD
−0.1375−0.37%
As of today at 06:49 GMT
USD
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Silver Price Analysis: Exploring Resistance, CP, Volume, Events Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully. Taking into consideration the parallel channel pattern, it suggests that silver prices may experience a decline towards levels around 73000 , 71800 , and 71360 . Furthermore, volume plays a significant role in the current scenario. Short-term investors should be cautious and await a successful breakout of the channel for a potential upside move towards price levels of 74900 , 75560 , and even exceeding 76800 . Monitoring the volume and price action closely will provide further insights into the market direction and potential trading opportunities. As a market participant, it is important to closely monitor the following market-moving events, as they have the potential to impact the prices of gold, silver, crude oil, and natural gas: Monday, Jun 12, 2023 23:30 Federal Budget Balance (May) and Note Auctions: These events have a medium impact and can provide insights into the economic health of the country, potentially influencing investor sentiment and market movements. Tuesday, Jun 13, 2023 11:30 Employment & Unemployment, Avg Earning Index, Claimant Count Change: These medium-impact events provide crucial data on the labor market, which can have a significant effect on commodity prices. 18:00 CPI and Core CPI: These high-impact events reveal the inflation rate, which is closely watched by traders as it can impact the value of commodities. Wednesday, Jun 14, 2023 02:00 API Weekly Crude Oil Stock: This medium-impact event discloses the inventory levels of crude oil, which can influence crude oil prices. 18:00 PPI and Core PPI: These medium-impact events measure changes in producer prices and can affect commodity prices. 20:00 Crude Oil Inventories: This high-impact event reports the weekly changes in crude oil stocks, which can impact the price of crude oil. 23:30 Fed Interest Rate Decision & Projection, and FOMC Economic Projections & Statement: These high-impact events provide insights into the monetary policy decisions of the Federal Reserve, which can have a broad impact on commodity markets. Thursday, Jun 15, 2023 00:00 FOMC Press Conference: This medium-impact event involves a press conference following the Federal Reserve's interest rate decision, providing further context and potential market-moving statements. 18:00 Import Prices MoM & YoY: This low-impact event reports changes in import prices, which can indirectly affect commodity prices. 20:00 EIA Natural Gas Stocks Change: This low-impact event reveals the weekly changes in natural gas inventories, potentially impacting natural gas prices. Friday, Jun 16, 2023 01:30 Net Long-term TIC Flows: This low-impact event discloses the flows of international capital, which can have an indirect impact on commodity markets. 17:15 Fed Waller Speech: This low-impact event involves a speech by a Federal Reserve official, which may provide insights into monetary policy and influence market sentiment. 19:30 Michigan Consumer Sentiment: This medium-impact event measures consumer confidence, which can affect demand for commodities. Monitoring these events will help traders and investors stay informed about potential catalysts that can impact the prices of gold, silver, crude oil, and natural gas.
MLong
by freestocktips
Silver may shine above mid channel ResistanceSilver futures tried to jump unsuccessfully above the Mid channel line resistance but has been unsuccessful so far. Closing above 74324 will unleash a new bull run in Silver which might have resistances at 76341 and 78000+. The two resistances can also be considered next targets in case of closing over 74324. In case the mid channel line proves to be potent resistance the supports for Silver future are at 72850 and 72490 (Major Support). If 72490 is broken by any chance next supports are at 70174 and 68017.
MLong
by Happy_Candles_Investment
The short position of silver does not change, and the rebound co Life promises you nothing, least of all success. It will only give you struggle, pain. So give yourself a dream and move in that direction. Without dreams, life is meaningless. Silver also launched a short-term counter-drawing today, but the overall decline is not over, so continue to consider high altitudes in the face of pressure at night. The first suppression in the morning has failed, and you can wait for the second pressure zone to find an opportunity to act in the evening. Silver operation suggestion 23.83 sell stop loss 23.99 target 23.50~23.30 If the silver daily line falls below the 23.50 first-line support, it will still be in a downward trend in the short term. At present, the golden ratio of 38.2% has fallen below, and it will continue to fall to the 50% line after it becomes counterpressure. The intraday pressure is 23.83~23.99, and the support is at 23.5~23.3. Join me and I will guide you to a profitable trade 💵!
CShort
by Domineeringdeal
Silver is not afraid of rebounding and continues to fall In the journey of life, you always have a part of the way that you need to walk and carry by yourself. Don't feel afraid or lonely. This is just the price of your growth. Although the rebound of silver within the day was close to the previous rebound high, the bears did not give too many opportunities to rise. At present, the bearish trend is expected to form again. It is expected that silver will usher in another decline in the evening. For silver operation, it is recommended to sell at 24.13, risk control at 24.29, and the target is 23.70~23.35. The silver daily line continues to close in the negative, but it may not go down again until it fluctuates around the short-term support around 23.70. The intraday pressure is 24.13~24.25, and the support is at 23.70~23.35. Join me and I will guide you to a profitable trade 💵!
CShort
by Domineeringdeal
Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
C
by MarketIntel