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Micro Silver FuturesMM

Micro Silver Futures

36.915USDD
−0.240−0.64%
At close at 20:59 GMT
USD
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SIL1! trade ideas

SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentumType : Bullish Rise Resistance : 62338 Pivot: 61354 Support : 60446 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out from descending trendline which supports our bullish bias that price will rise from the pivot at 61354 where the swing low support is to the 1st resistance at 62338 in line with the swing high resistance,100% fibonacci projection, 78.6% fibonacci retracement and 161.8% fibonacci extension . Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 60446 in line with the overlap support and 61.8% fibonacci projection. Fundamentals: As investors are seeking to hedge against inflation , we have a weak bullish view on silver .
MCX:SILVER1!Long
by Genesiv
Silver About To Break SupportSilver futures COMEX:SI1! are right now holding a key Retracement level that aligns with the 2016 Major High around 21.00. This represents price holding support after failing many attempts to reach and break the highs around 30.00. Failing to hold and breaking this support would likely continue the bearish trend down into the teens prices below 19.90. Given that the last attempt to reach 30.00 fell short I put the probability high that such a Support break is coming.
CShort
by norok
2
Potential Bullish MomentumOn the H1, price is moving above the ichimoku cloud within the ascending trend channel and is above the ichimoku cloud and supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracment and 78.6% fibonacci projection , to the 1st overlap resistance at 62005 in line with the 61.8% fibonacci retracement . Alternatively, price may break the pivot levle and drop to the 1st support at 61328 in line with 50% fibonacci retracement and swing low.
M
by Tickmill
SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 61225 Pivot: 60429 Support : 58199 Preferred Case: On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60429 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 58199 in line with the swing low support and 61.8% fibonacci projection . Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 61225 in line with the overlap resistance, 50% fibonacci retracement and 78.6% fibonacci projection . Fundamentals: No major news
MShort
by Genesiv
SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 62362 Pivot: 61483 Support : 60211 Preferred Case: On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 61483 in line with the overlap resistance to the 1st support at 60211 in line with the overlap support, 61.8% fibonnaci retracement and 78.6% fibonacci projection . Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 62362 in line with the swing high resistance and 61.8% fibonacci projection . Fundamentals: The outcome of the US CPI would confirm if inflation remains on a rising trend or if it is topping out which gives us a mixed bias on silver.
MShort
by Genesiv
Silver short viewThe price of silver continues its side consolidation between $ 22.00 and 22.50. Silver has already tested support at $ 22.00 three times, and what is important for us is that the price formed a lower high yesterday at $ 22.25. These are all signs of a potential bearish trend and lowering the price. For the bearish option, we need a drop below $ 22.00. After that, we look at where we can look for potential support on the chart. Our first potential support is the $ 21.80 level. The price break below lowers us further towards the $ 21.50-21.60 support zone on the bottom trend line. For the bullish position, we need positive consolidation and a return above $ 22.25. If the price of silver manages to do that, our next bullish target is the $ 22.50 June resistance zone.
CShort
by Financebroker
SILVER PRICE ACCUMULATION: BACK UP THE TRUCKRight now as I post this the Gold/Silver ratio is 83.95 times. This means that for 1 ounce of Gold, you'll get 83.95 ounces of silver, with Silver bringing 3 to 4x volatility. I love SILVER and have been accumulating now for the last 2 years. I accumulate Silver to hedge against the dollar and to preserve my buying power in times of economic hardship. It is going to be my way to transfer wealth through a standard currency change which we could see sooner than later. We have been on the USD standard now for over 50 years. It is the longest reigning standard since the Bretton woods system, gold convertibility and the Gold standard that all preceded us. I am sharing my BACK THE TRUCK up price. If the price goes down to this level, which I feel that it could and if it does, it'll be quick. I am going to be aggressively accumulating more metals.
CLong
by OFFICIAL_TRADING_SHERLOCK
3
SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentumType : Bullish Rise Resistance : 62842 Pivot: 61613 Support : 60555 Preferred Case: On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 60555 in line with the swing low support, 100% fibonacci projection , 161.8% fibonacci extension and 50% fibonacci retracement . Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
M
by Tickmill
SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentumType : Bullish Rise Resistance : 62842 Pivot: 61613 Support : 60555 Preferred Case: On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 60555 in line with the swing low support, 100% fibonacci projection, 161.8% fibonacci extension and 50% fibonacci retracement. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MLong
by Genesiv
SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentumType : Bullish Rise Resistance : 63924 Pivot: 62180 Support : 60554 Preferred Case: On the H1, price is moving above the ichimoku cloud and MACD moving in a bullish momentum which supports our bullish bias that price will rise from the pivot at 62180 where the overlap support is to the 1st resistance at 63956 in line with the 78.6% fibonacci projection, 50% fibonacci retracement, 38.2% fibonacci retracement and overlap resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 60554 in line with the swing low support. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MLong
by Genesiv
SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 61075 Pivot: 60809 Support : 60248 Preferred Case: On the H4, price is moving below the ichimoku cloud and moving along the descending trendline which supports bearish bias that price will drop from our pivot at 60809 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 60248 in line with the swing low support. Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 61075 in line with the pullback resistance, 23.6% fibonacci retracement and 38.2% fibonacci retracement . Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MShort
by Genesiv
SILVER FUTURES (SILVER1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 62760 Pivot: 62027 Support : 61455 Preferred Case: On the H4, price is moving below the ichimoku cloud and breaking out from the ascending channel which supports bearish bias that price will rise to and drop from our pivot at 62027 in line with the 50% fibonacci retracement and pullback resistance to the support at 61455 in line with the swing low support. Alternative scenario: Alternatively, price may break through pivot to the resistance level at 62760 in line with the 78.6% fibonacci projection. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MShort
by Genesiv
Silver short viewDuring the Asian session, the price of silver was in a strong bullish trend but stopped at the $ 22.32 level. As the European session began, the price of silver began to recede, finding support in the zone of around $ 22.00. It is now probable that the pullback will continue until the $ 21.80 price and support on the lower trend line. Breaking prices below that support would increase bearish pressure on traders to sell silver and thus lower its price. Potential bearish targets are $ 21.60, $ 21.50 and $ 21.25 level. For the bullish option, we need a new positive consolidation and price growth first above the $ 22.32 level. After that, we will try to test last week's high again at the $ 22.50 level. Potential next above $ 22.50 bullish targets are $ 22.62, then $ 22.75.
CShort
by Financebroker
Potential Bullish Momentum On the H4, with price moving above the ichimoku cloud, it supports our bullish bias that price will rise form the buy entry at 61739 in line with the overlap support, 61.8% fibonacci projection and 23.6% fibonacci retracement to the 1st resistance at 64046 in line with the 38.2% fibonacci retracement. Additionally, the presence of bullish pressure at current price on the MACD indicator further supports our bullish bias. Alternatively, price may break the support structure and drop to the stop loss at 58718 at the swing low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MLong
by Rockqet
SILVER FUTURES (SILVER1!), H1 Potential for Bullish MomentType : Bullish Momentum Resistance : 62941 Pivot: 62243 Support : 61634 Preferred Case: With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 62243 in line with pullback support to our 1st resistance at 62941 where the 78.6% fibonacci projection, 78.6% fibonacci retracement and swing high resistance are. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 61634 in line with the pullback support. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
MLong
by Genesiv
Silver: Whac-A-MoleYou know the arcade- and computer-game “Whac-A-Mole”, where you have to whack little mole-figures popping up randomly back into their holes? Quite similarly to these mole-figures, silver has repeatedly been popping up into the upper orange zone between $21.85 and $23.46. Now, we don’t want to whack it, as it still has some room in the upper orange zone to finish wave iv in orange. However, as soon as wave iv in orange is completed, silver should indeed move downwards to continue the overarching descent.
C
by MarketIntel
Silver looks having topped in a corrective bounceAccording to principle of synchronicity proposed by JM Hurst, from time to time several distinctive cycles reach their respective bottoms simultaneously. In other words, cycles get aligned at bottoms or troughs. However, cycles reach their peaks in asynchronous way! This is why when we deal with a big cycle topping normally it creates a string of multiple peaks. I marked up those triple tops with red arrows for you. Imagine a train with several trucks that goes over a bridge and then goes down the bridge. And those trucks reach the top of the bridge one by one. This is exactly how cycles reach their peaks! That means that you should not expect a strong rally to turn down on a dime right after the first topping signal. You may consider two first topping signals as quick short opportunities and wait for the third topping signal to build a swing short position. The red horizontal lines are levels of resistance produced by peaks of different cycles. The thickest red lines are those that come from the strongest cycles that move price on higher timeframes. Quite often those strong cycles would NOT be the last to top or bottom! Quite often the last one to top would be a micro cycle from a lower timeframe. What I see as a good shorting setup is when price overshoots the resistance of a thick red line, a resistance printed by a cycle from the highest timeframe and hits a micro resistance of a minor cycle.
C
by CastAwayTrader