Path to $40 and beyondAs long as gold trends higher vs the CPI, silver catches tailwinds, not headwinds.
That’s the path to $40 and beyond.
QIN2026 trade ideas
SI1! - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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This is Friday and this is an intense look at Silver Friday I am showing you excruciating insights on Trading 2 bar setups and how they guide you to trading decisions that will send you off into the right direction and keep you out of decisions that will turn you in the wrong direction. you can only trade A two-bar reversal when it happens and sometimes the market doesn't have a two-bar setup and because of that you can miss some trades but if you follow the 2 bar patterns your trade performance should be much better than arbitrarily taking trades with no specific plan that gives you entries whether you're going long or short that are likely to trade in to the direction you're anticipating the vast majority of the time you keep the 2 bar set up near where your stop will be if you're wrong you'll have minimal risk. from my perspective if somebody told me they were Traders and they have good trades from time to time but they're taking a lot of losses and they're Trading with big stops I know they're not trading too by reversals and it tells me that their entries are not effective and that they don't know the direction of the market before they take the trade.
Potential Intermediate Silver Peak📉 Silver Futures Update – June 5, 2025
Silver may be nearing a short- to medium-term peak, with several indicators aligning toward a corrective phase:
RSI shows bearish divergence on lower timeframes
Momentum is stalling despite higher prices
Candlesticks signal indecision/topping
Volume surged on breakout but is now fading
Cycles & Seasonality point to early June peaks
COT shows heavy commercial shorts → institutional caution
Wave (3) may have completed near $36.20 → setting up for Wave (4) pullback
📊 Bias: Moderately Bearish (Short-term), Long-term Bullish
📆 Trade Ideas
Intraday (June 6):
Short: $35.90–$36.10
Stop: $36.35
Targets: $35.35 / $34.95 / $34.55
Watch 6–9 AM EST for cycle reversal
Short Term: Short on breakdown below $35.50
Medium Term: Buy Wave (4) dip $33.50–$34.00
Long Term: Accumulate $30–34 zone | Target $47+
⚠️ **Caution** advised for new longs. Await dip for better R/R.
Silver futures 2hrI’m expecting Silver to do either this coming Asian-London session. I’m still expecting the 38 fib to hold up to cont the long term bull trend. But the way the market works, the market needs Institution to enter to push the market higher & higher. That being said the market can range and push up for NFP! Patience and trade what you see!
MY ANALYSIS HAS BEEN SPOT ON THIS ENTIRE WEEK, FOLLOW AND LIKE FOR MORE MARKUPS THESE COMING WEEKS
LET RIDE THE MARKET TO FREEDOM
Silver ready to outperform Gold? Finally, silver is breaking to the upside out of the April–May consolidation, and so far there’s been a strong push above the 33.70 resistance, and with the market closing well above that level, it confirms that bulls remain in control and could stay in charge after any near-term dips. Ideally, we are now in the third leg of recovery, which could extend beyond the October 2024 highs around 34.87. Once that level is cleared, the third leg may continue higher within a higher degree wave five, possibly targeting the 36–37 zone.
At the same time, we also see the gold-silver ratio coming down from the 61.8% area, which is another signal suggesting the metals are in a broader bull run, with silver now likely to outperform gold until those 36–37 targets are reached.
Grega
SILVER BUY BUY BUY...TARGET 40Silver price rose to multiyear high today morning at $36.35/oz as the price finally closed above its key resistance of 35.05-35.45. Price is in a strong bullish trend to target the upper trendline of yellow ascending channel at 36.75 which will act as temporary resistance and may trigger a pull back towards 35.50 region before bouncing back.
Stability above 35.05-35.45 will send price soaring towards 37.50 followed by 40.00-41.00 region.
Break below 35.05 will trigger correction towards 33.60-34.20 area.
On medium term basis Silver's bullish trend will remain valid till the price is stable above 33.60. Break and stability below 33.60 will send the price towards 32.70, 31.80 and 29.20 levels.
Precious Metals Leading Charge HigherStarting off the week today, traders are seeing many markets moving higher with the precious metals and energy markets leading the way. Gold futures over 2.5% on the session while Silver led the charge higher being up nearly 5%, and the Crude Oil market saw gains north of 3% while Natural Gas was up over 7% on the session. Equity markets traded slightly higher on the session but did not see the volatility seen in the precious metals or energy markets.
Looking at the economic data today, there was a big slate of data coming out of the U.S. looking at ISM manufacturing and S&P Global manufacturing that came in worse than expected. Tomorrow, traders will get a look at CPI coming out of Europe and JOLTs data here in the U.S. that could add additional volatility to the precious metals for the rest of the week. Along with that, the CVOL for Silver still remains very wide as seen below, and looking back over the past year shows that the volatility is relatively low compared to the current underlying price even with the spike traders saw today.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Silver micro: range breakoutSilver micro futures are trading in range for approx 13 days now. Currently trying to break the range with high relative volume. If it sustains above 98450, breakout can continue and range expansion in prices may happen. The stoploss at current price is very small as compared to the probable reward. Very high probability trade with a smaller risk.
Silver micro is in uptrend. and this is continuation breakout trade.
Silver Trend directionSilver 98000 has selling volume diverged but still trading in bull zone. Hence we expect Nifty will test the resistance 98885 before next move. If silver raise and falls below 98885 then we shall expect some bearish move .
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Tesla 5.21.25 I don't see the trigger yet.... but Tesla went well over 100 points higher from the low and it completed an ABCD pattern and it is trading up to where there were Sellers from the past even though we could have taken a trade 130 points higher before it got to this level I would be concerned that there could be a reversal I don't quite see it yet but you can look at the video and make a decision this will be a short thing that I'm doing here but the video is probably it's probably over 40 minutes but it's worth looking at because if you can read price action and behaviors of buyers versus sellers up you're way ahead of the game in learning how to trade markets profitably
Silver Futures Dip Below Mid-Bollinger Band
The price is currently trading below the middle Bollinger Band, which is typically a 20-day simple moving average. This indicates weakness and suggests that the short-term trend is turning bearish.
After the sharp rebound in April, price has been unable to make new highs. The chart shows a lower high structure, indicating diminishing bullish momentum.
The 33.00–33.50 zone, previously a support area, now acts as resistance. Price rejection in this zone reinforces bearish control.
Recent daily candles show multiple bearish rejections (long upper wicks), followed by red candles. Sellers are consistently active above the midline.
Descending triangle in SilverMicLooks like SILVERMIC1! is forming descending triangle on chart.
A decisive break below 94000 mark can cause further downfall in the commodity.
In the start of April 2025, Silver fell drastically and recovered later. The rise was on the back of low relative volume which is not good for buyers.
Now it is rangebound and forming descending triangle on chart and taking support multiple times near the 94000 price zone but never closed below that level. Hence a decisive close
below the 94000 mark can cause further downfall and will be a good short opportunity. Fingers crossed!
