Silver Micro - Swing Trade IdeaHI All - good opportunity to go long for Silver/ Silver Micro for Swing trade.
Timeframe - 1h
Key Highlights:
1. Bouncing off with good volume
2. Good relative strength
3. Good risk and reward
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.
SI1!, XAGUSD, SILVERVery Strong Upmove candle .... need to break the Trendline and 25.475 Levels for confirmation
Triangle breakout and A Flag Pole pattern can also be considered.
Structurally Silver is still making a higher low which is bullish.
Previously I was expecting low of 22.140 to break which didn't happ
GOLD SILVER RATIO CHARTThis is a ratio chart ... represents Which one is Outperforming GOLD OR SILVER.
I have used Futures chart reference as ratio . It clearly represents a breakout is likely on the higher side . which means Gold will outperform Silver for some time
resistance are clearly shown for ratio chart.
silver AGAIN IN good buying spot H and S detectedHere we have Silver , we think it will make a way up now. we see a head and shoulders also at support.
we have also inflationary worries, so will see .
silver day, a new patternpublishing herewith my idea about silver in day time frame, price is forming a pattern, also try to give normal day range use your own discretion
Silver 15 minpublishing herewith same old silver 15 min chart, showing how pattern controls the price movement
Silver 15m, 08.02.2023publishing herewith silver pattern using 15 min time frame, but ,without any range
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