Silver Intraday Level 08.08.2024Hi, Here are Important intraday levels for MCX:SILVER1! .
Kindly do your own analysis/research. Proper Risk Management before take any trade.
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SIU1! trade ideas
Long Term Silver Stacking Zone $20 to $15These line up with probable liquidity hunting zones on the monthly chart to fill in low volume notches on the volume profile and using fork extensions to estimate timing.
The bottom end of the zone is less likely around $15 because the point of control is at $16.5 and would probably tend to soak up price tests through it. But the trade idea is still valid even if the POC doesn't provide support.
The volume profile has a double distribution meaning disagreement among traders on this time frame. An exit point might be at $23 which is the next developing POC but if I stack some silver below $20 I will probably hold it for something more like $40 since silver has a tendency to produce short squeezes and shoot to the moon for a short burst and then collapse.
Also holding physical silver (probably 10 oz bars) is a nice way to get a warm and fuzzy feeling of financial security so having a bit on hand is not a bad idea.
Silver EW wave projectionWave 4 correction almost complete. Price starts going down to complete wave 5 and then reverses upwards.
s i l v e rsilver is trading inside classic triangle pattern on an hourly chart, it did broke out but dint sustain. Here is another chance of riding long as its hourly candle is about to close & its HAMMER in making.
Could b bought iwth mentioned stoploss & targets.
Silver8 6 24 in this video I just got gartley patterns which are fairly high probability reversal patterns according to gartley. the silver took a significant drawdown from its high and the breakout buyers on the way up could have lost as much as 7% or more on the correction lower. when a market takes this kind of a correction in a short period of time... it is very easy to think that the markets breaking down and going even lower. this is also an opportunity perhaps that those who missed the gold trade higher may have a chance to get in at this lower price before the market makes new highs. my guess is that there are some very good commercial Traders who are already in the market might see this as an opportunity to scale in an ad contracts if they're Trading the futures. I didn't show you the gold market but that market had a terrible move lower but on the same day it had a huge correction higher which is fairly predictable so if you had scaled in at the low you would have been 1000s of dollars higher from the low to the closing price where it has retested.
SIU2024 New Week Trade Idea's / Possible Support area's What's good everyone, I was sitting back looking at the market getting ready for Sunday open & figured I would bring you all in on my thoughts / Possible trades, as well as where this could show support before turning back bullish.
Let me know what you think
SIU2024So this is one of my favorite charts to trade on the daily basis, Futures gives great returns. I love scalping this. As of right now we are currently in a down trend but we have came down to a strong weekly area 29.045 which has been support since May of this year. We did see a major bounce right before reaching that price and is hold above another weekly. Sunday I will be looking to see how we open. If we get a closure above the double 4hr (29.450 / 29.475) zone I will be looking for it to continue to the next 4hr zone.(29.650). If we don't see that I would be looking for a break of that weekly (29.045). If we get a closure below that , we could see a quick drop I believe .
Silvermic Levels For 1st August-2nd AugustImportant support and Resistance Levels For Silvermic.
When Market touches the level, the price action plays important roles.
For More Learning Reach out to us.
Valuation Trade Setups: NVDA, AVGO, GOOGL, AMZN, PINS & SilverI have been filled long on some trades based on my valuation trading strategy.
In this video I explain the strategy (conditional criteria, entries & money management) implemented with this weeks entries in NVDA, AVGO & Silver (as well as resting orders for GOOGL, AMZN & PINS). I also briefly explain the idea of "relative strength", which I applied this week when I decided to long Silver instead of Copper.
Enjoy.
Silver futures - short termShort position
Short Limit at price 30.23 - 30.53
Stoploss 30.68
Takeprofit 29.45 and 28.48
SIU2024 Analysis What's good everyone, posting my new levels. Currently Looking to see if we hold this monthly zone. If we get a break and close above this monthly zone ( green dashed line ) , I will be looking for a closure above the weekly ( purple dashed line ) . We have a monthly closure today so very curious to see how we are going to close.
mcx silver updatemcx silver stya abv 83800 look zoom till 84300--85000 near buy on dipsssss with tight sl 83111 or let seeee
Silver (XAG) - Short TermWhat to expect in the short term?
Price managed to break above previous high and is currently trading above key level which is a good sign for bullish continuation.
Anyone wanting to add exposure below is our trading idea:
Entry $30 - $29
First target $35.5
Stop loss $28.5
SilverMic Levels For 29th July -2nd Augustimportant support and Resistance Levels For SilverMic.
When Market touches the level, the price action plays important roles.
Silver Analysis Silver - it's in good buying area , I have highlighted green boxes are extreme good zones to accumulate silver.
If market permits , we can see tap of price in second green box, where you can accumulate more.
Sell areas, I had highlighted in red boxes 88k-91k range.
Price predictions, if we manage to move up 95k above then 105000 will be the top in no matter time.
If you like my analysis, please do follow me to get instant updates about market in your email.
DYOR.
Classic Silver Monthly Log Scale ChartBased on the current chart defined evidence, the following is a very objective and un-biased roadmap.
Important static support at 27$-28$.
With inclining dynamic support at 25.45$.
#silver
Silver SHORT!!! The end of a silver liningSilver has created an important pattern on the chart. The conventional traders look at this as a double top pattern. As a demand and supply trader instead of entering the trade at the break of the support line we will enter the trade on a retracement higher. This area will hopefully induce more institutional selling
Sell MINI Sept. Silver 28.84 on stop at 30.36, target at 27.18Silver is attempting to break lower. Sell MINI Sept. Silver 28.84 on stop, if filled, protective stop at 30.36, target at 27.18
the ES and silver look like setups for a long trade7 25 24 in this video I show the setups for the ES and silver for long trades with small stops. I'm using daily charts and 4-hour charts looking at ABCD patterns and extensions... and support if I want to be a buyer to open a long position. almost all these patterns can be set up ahead of time if you judiciously place the tools that can help you find reversal patterns before the trade exists...... as a buyer and a seller.... who will have different optimal trade locations.
Silver at Trendline Resistance again.RSI is over sold. Silver will consolidate a little and starts up trend again.
SILVER LONGAfter a long accumulation phase, the price of silver stands at the level of the POC of the medium-term bullish trend, and is close to the level of the super trend (standard deviation 3.5 which this derivative has proven to feel). Today there is a good trade, with a small stop loss that is difficult to violate given the enormous volumes behind us, and an TP easy at distribution points.
