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Silver (Mini) FuturesSS

Silver (Mini) Futures

39.5750USDD
+0.0750+0.19%
As of today at 00:05 GMT
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#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.
M
by Jha_Nidhi
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.
C
by Financebroker
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.
CLong
by Financebroker
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
C
by Tickmill
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
CShort
by Genesiv
One more dip into lows before the grind into ATH's for Silver!One more dip before lift off or slow grind to ATH's your guess is as good as mine but current super cycle count is 5 of C of 2 of 5. The break of the 65% fib back in February 2021 took out the short fib algo's now the fall back into the long fibs looking for support. We're running out of room and have a nice zone for accumulating a long position starting at the August low 17.880 to the 65% fib level 16.280. The -0.236 profit target is sitting nicely in between the 61.8% and the 65% fib levels with a lower border of a pitchfork as well. Will the banks finally let silver run?????
CLong
by DegenNation
Silver chart overviewThe price of silver tested the $19.00 level of resistance yesterday, failed to climb above, and turned again on the bearish side. During the Asian trading session, the price first fell below $18.80 and soon below the $18.60 level. The bearish trend continued in the European trading session, and the price fell to $18.38. We could soon test support at $18.20 from Monday. A strong dollar could easily push the price of silver below that level of support, and our target would then be the $18.00 level. For a bullish option, we need a new positive consolidation and a price return to the $18.80-$19.00 zone. Then we need to hold on there and move above the $19.20 level with a new bullish impulse. After that, the price would be better positioned to continue its recovery. Potential higher targets are the $19.40 and $19.60 levels.
C
by Financebroker
SIlver MiniCurrently silver trading at 55700. Buy silver mini lots from 55555. accumulate at every 500-1000 Rs lower value based on individual risk appetite. In other words, buy below 18.5$ and about 1-2% down, todays rate are of Jun 2020, the lowest in 5 years was in MAR 2020 about 12.5. With FED meeting looming and bond yield increasing, dollar will become strong and metal will become weak, but Rs depreciation may provide support after Nov 2 to certain extend and with festival season ahead. RBI may not support Rs when FED increase rate. The same pattern is seen during last FED rate rise. Start selling above 57500-58000. for multiple lots, sell with upward movement of about 750 Rs for each lot. THis is for SILVERM NOV future. For SILVER adjust the values accordingly. The above suggestion is for education purpose and individual shall buy based on his own judgement and risk appetite.
M
by RK1383
Sliver Futures (SI! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 21.325 Pivot: 19.380 Support: 17.380 Preferred Case: The H4 price is in a downward trend and crossing below ichimoku cloud . The price may drop form the pivot at 19.380, where the overlap resistance is to the 1st support at 17.380 where the swing low sits Alternative scenario: If there is a price reversal, price will move to 21.325, where the swing high and 38.2% fibonacci retracement are. Fundamentals: There are no major news.
CShort
by Genesiv
Silver chart overviewAfter the US inflation report, the price of silver fell sharply as the data showed that inflation was still strong. These results further strengthened the dollar, which caused goods denominated in dollars to fall. Potential lower support targets now are $18.40, $18.20 and $18.00 levels. For a bullish option, we need another positive consolidation and a return to the $19.00 level of previous support. Then we must stay in that zone and climb above the $19.20 level. After that, the price could more easily continue the bullish recovery with a new bullish impulse. Potential higher targets are the $19.40 and $19.60 levels.
C
by Financebroker
Silver Futures ( SI1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 21.325 Pivot: 19.970 Support: 17.495 Preferred Case: The H4 price is below descending trend with prices trading below the ichimoku . The price may drop form the pivot at 19.970, where overlap resistance and 38.2% fibonacci retracement are to the support at 17.495 where the swing low sits Alternative scenario: If there is a price reversal, it might test the 1st resistance at 21.325, where the swing high and 38.2% fibonacci retracement sits Fundamentals: There are no major news.
CShort
by Genesiv