Silver short sellRespective targets are given.trade wisely. small sl big targets.............
All d best
SIL1! trade ideas
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.
Silver Futures (SI1! ), H1 Potential for Bearish DipType: Bearish Dip
Resistance: 26.415
Pivot: 26.160
Support: 25.835
Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection .
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection .
Fundamentals: No major news.
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.
Potential Bullish Momentum On 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.
Volatility 19 May 22 Metal Commodities Copper, Gold, SilverHG/ Cooper Futures 19 May 2022
Based on the HV measures from the last 5630 candles our expected volatility for today is around 1.45%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.82%
This is translated into a movement from the current opening point of 0.077
With this information our top and bottom , with close to 82% probability for today are going to be
TOP 4.231
BOT 4.08
GOLD/ GC Futures 19 May 2022
Based on the HV measures from the last 5630 candles our expected volatility for today is around 0.88%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.1%
This is translated into a movement from the current opening point of 19.86
With this information our top and bottom , with close to 84% probability for today are going to be
TOP 1835
BOT 1795
SILVER /SL Futures 19 May 2022
Based on the HV measures from the last 5630 candles our expected volatility for today is around 1.68%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 2.1%
This is translated into a movement from the current opening point of 0.45
With this information our top and bottom , with close to 84% probability for today are going to be
TOP 21.88
BOT 20.98
Silver - 2 Hour SIThe yard relic, garden gnome, bridge troll
continues to suck in the misinformed.
Thank the Bill Holters, Peter Schiffs and
Ghost of Dave Morgans of the Community.
It simply never changes.
____________________________________
Idiocy in action, following the same Lynette Zang
echo chamber trade.
The above carnies.... make $ selling you Shiny rocks.
The chart is terrible, COT favors Door Stops, Toe Stubs
and the ever-present pool of fools willing to eat the
candy and destroy their livers, kidneys and end up
#AmberTurd.
Good Luck faithful, it isn't a faith-based trade.
Get long Silver for the long haul? This chart is a super zoomed-out view of Silver priced in U.S. Dollars going back about 10 years on a Monthly time frame. While I think a very good trade idea could be coming a little later this year (2022), I think the thesis is best illustrated on the longer time frame.
As you can see in the chart, Silver spent about a year and a half consolidating in a range between the high $18 range, to the mid $24 range. I've drawn a rectangle from this time period to the Volume Profile to show that a small value area was formed at these prices.
Since April 18th, Silver has been crushed - it has barely seen an uptick on it's way to declining about -17%. The broader view isn't much better, as it is down -16.5% YoY, and -6.5% YTD. Over that same time, Gold has held up much better and is up +4% YoY and +1.3% YTD. Consequently, the Gold/Silver ratio has been trending upward on a steady incline.
While its possible that the current consolidation range can hold, and Silver can sustain prices above $20 before heading back up, but I think its easier to make the case that Silver is weakening over the near term, and could break its range to the downside.
If you believe that inflation will be a problem for months, if not years to come, metals should eventually rebound and back up to retest the previous highs. A break below $20 would likely push the Gold/Silver ratio higher, and offer a fantastic opportunity to get long Silver. with the potential tailwinds of a dramatic price rise in the near future - both in terms of U.S. Dollars, and Gold.
If the break lower does come to pass, good candidates to enter longs silver positions would be either via Futures, or options in the SLV ETF. I'd also look to put positions on in the Small Exchange's Precious Metals contract SPRE . While this is product would give exposure to the entire precious metals complex, Silver would act as the driver to push it higher.
Trading The Bearish Sequence in SilverIn this update we review the recent price action in Silver futures contract and identify the next high probability trading strategy and price objectives to target
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Silver chart overviewThe price of silver lost 3.3% of its value yesterday, falling from $ 22.39 to $ 21.65. Today's picture is that the price recovered to $ 22.08 during the Asian session, and as we entered the European session, the price weakened and returned to the starting daily position at $ 21.75. We can say that there is more pressure on the lower support zone, and if it does not provide us with adequate support, we will see a new low this week. Our potential lower target is $ 21.50, then the $ 21.25 level. If the price of natural gas finds support here and forms a bottom, then there is a chance that we will see a recovery in the price. Higher targets us respectively $ 22.12, $ 22.40, the zone around $ 22.50, $ 23.00 and at the end the previous high at $ 23.34 price.
Gold, Silver, and the US Dollar can't play nice.Upset your gold is falling? Upset your silver is tanking? Blame the US Dollar?!
There are obviously a lot of other forces at play here, but methinks that so long as the US dollar continues to plow upward these two commodities may continue to suffer. Plan accordingly.
Short silver market, stop at 24.90, 1st TP 22.23short silver market, stop at 24.90, 1st TP 22.23
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Silver: JumpyWhile bears aren’t normally known to be jumpy, the bears on the silver market have just shown signs of scariness. They must have been so focused on their way downwards that they didn’t realize how close they had already come to the support at $21.98. Although they have shrunken back from this mark, we expect them to pick up courage again quickly – after all, they have been so strong and composed lately. So, the bears should push silver below $21.98 and towards the orange zone between $20.91 and $19.59, where wave iii in orange should end. Then, a countermovement should lead silver back above $21.98, where it should finish wave iv in orange before resuming the overarching downwards movement.
$SLV Long 50 JUL callsWent long 50 JUL SLV 23.5 calls.
Nice looking chart and I like the R/R on a move to at least the top of the box. Will reduce the position there and manage on price reaction.
Mental stop just below 30 wk MA.
Nice consolidation with accumulation type buying, cup and handle with a good retrace from the JAN to MAR move, I think it's going for next leg higher.
A break above the box should expect a massive move, as this has been digesting since AUG 2020.
If calls go farther ITM may sell bi-weekly calls against them to reduce my cost basis, playing it day by day week by week.
Miners and Metals look good overall, many above 30wk MA.
Cheers
Silver Futures ( SI1!), H4 Potential for Bullish BounceType : Bullish Bounce
Resistance: 23.870
Pivot: 23.280
Support : 22.875
Preferred case: Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 22.875 in line with 161.8% Fibonacci extension, 100% Fibonacci projection and -27.2% Fibonacci expansion.
Fundamentals: No major news.
Silver Pivotal Equality TestIN this update we review the recent price action in Silver and identify the next high probability trading location and price objectives to target.
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