Silver - Correction Time?A 1:1 movement (on Daily) has completed with a rising wedge in the end.
Expecting a 1.5-2k point pull back to start with.
A very good RR trade. :)
About Silver Futures
Silver Prices have been followed for centuries. Silver is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand.
Silver Futures April Levels and Zone 👑TrendTalk👑How To Become a Professional Trader :
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Silver MCX Future Weekly Technical Chart Analysis for 15-19 ApriSilver MCX 29 May Future Technical Chart Analysis
📊 Range Point: 82813
📈 Weekly Range: 5398
🎯 Buy Above: 84064
🎯 Average At: 83427
🎯 Buy Target 1: 86149
🎯 Buy Target 2: 88211
🛑 Buyer Stoploss: 82265
📉 Sale Below: 82790
🎯 Sale Target 1: 79477
🎯 Sale Target 2: 77415
🛑 Seller Stoploss: 84589
Don't
Silver Shines Bright: Riding High Towards ₹1 Lakh Amidst Strong Technical Indicators and Outlook:
Technical indicators suggest a strong momentum for silver, backed by positive Chinese service PMI data and a closely correlated movement with gold prices. The gold-silver ratio also offers insights into future price movements, making silver an attractive option fo
Silver Short As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.
Can we expect Silver Micro to 86950?Looks like Silver Micro is moving towards 86950, lets see if that happens
#Silver Weekly Update 🌟 18 - 24 April
Timeframe: 4-hour ⏰
A simple story unfolds as silver crafts a triangle pattern. Keep your eyes peeled for an exciting breakthrough above 84000, hinting at potential fireworks ahead! 🚀
More than 2600 points ahead.
DO YOU AGREE WITH THIS IDEA? GIVE IT THUMBS UP
#SILVER #Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance.
RSI has also broken out of a particular
📊 SILVER 29 APR WEEKLY CHART FUT LEVELS FOR 8-12 APRIL 📊 SILVER 29 APR WEEKLY FUT LEVELS
🎯 Weekly Range: 6020.00
📉 Buy at: 78730.36
🎯 Buy Target 1: 84583.36
🎯 Buy Target 2: 86883.00
📉 Average Position: 78020.00
🛑 Buyer Stoploss: 76723.69
📉 Sell at: 77309.64
🎯 Sell Target 1: 77142.64
🎯 Sell Target 2: 74843.00
🛑 Seller Stoploss: 79316.31
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Frequently Asked Questions
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Silver Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Silver Futures technicals for a more comprehensive analysis.
The current price of Silver Futures is 28.340 USD — it has fallen 0.21% in the past 24 hours.
The volume of Silver Futures is 69.97 K.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Futures this number is 74.83 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Futures shows that traders are closing their positions, which means a weakening trend.