Silver Bounce Or Break From Support ?Hello mates, sharing the commodity silver futures weekly chart for educational purpose for that as we can see that 70000-68000 zones was a hazardous resistance for it and now we can see that price is trading near that zones so for that I am sharing my trading ideas for it below.
IDEA NUMBER ONE-:
Price is currently trading with well placed support on this weekly chart and it is trading near too a support by 50 EMA as we can see it gives a bounce two times earlier (mentioned on chart) from 50 EMA so if this time it we can see 75600 levels again, bounce could confirm according to our own setup or time frame too for we can go long.
IDEA NUMBER TWO-:
If it will breach it's mentioned support zone which is adjoined it's rising support trendline and 50 EMA too so we can make a short in it for the target of 62600 levels.
Executions-
All above mentioned ideas will be applicable on weekly closing basis only, one can use own setup or time frame according to provided levels if they are agreed that levels are right some how.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
SI1! trade ideas
LONG on Silver After observing the charts of silver it is clear that it is ready to fly for the short-term target of 80000, and in a couple of months will not be surprised to see it near 1,00,000
silver stya abv 73800 looks 74800 expectsilver stya abv 73800 looks 74800 expect yes abv 24.25 looks zoom till 24.60$ let see in data ahead
Silver MCX Level Matched With Previous Levels 13-07-2023What a Fantastic Bull Run In Silver MCX. Looking Forward for Profit Booking Near 74000 Levels..
:)
buy silver staya bv 72400 sl 72120 tgt 73000 expectbuy silver staya bv 72400 sl 72120 tgt 73000 expect yes cpi data will lift itss keep tigt sl or rleaxxxx
SILVER MCX MATCHED TO PREVIOUS LEVELSGann Box and Gan Fann working perfectly on Silver MCX futures. Now Equites are rising in values and Commodties Loosing in values Let See, How Silver os going to perform in near futre. Expecting price below 70k
:)
silver spot or mcx crucial update blwsilver mcx stya bwl 70000 or spot bwl 22.70 looks n side tgt 22.30 in mcx 69400-68700+++++ yes sell o rise with tight sl 22.95 or 70459 yes adp payrol data good sign for economy
Solar Panel Consumption Increasing!!! Hello Friends
The News,
Changes to solar panel technology are accelerating demand for silver - Bloomberg July 3
Solar is still a fairly small part of overall silver demand, but it’s growing. It’s forecast to make up 14% of consumption this year, up from around 5% in 2014, according to a report from The Silver Institute, an industry association. Much of the growth is coming from China, which is on track to install more panels this year than the entire total in the US.
Technical Look On Silver
1) The Recent low of Silver was made at 67640 on 23 June,2023 and
Recent High was 70980 on 27 June, 2023.
2) The sellers tried to pull the candle down to make a new low, but failed to close below 50%(69300) of the previous swing
3) This shows that the Bulls are getting strong and news is also positive
We can accept a nice buying spree in Silver
Note : Please do your own fundamental and technical analysis before making any financial decision
SILVER GANNBOX AND GANNFANN LEVEL 04-07-2023All level worked perfectly and will work perfectly in future also...
Enjoy
sell silevr nxt contract ris eon sl 70182 tgt hold itsell silevr nxt contract ris eon sl 70182 tgt hold it yes gap will fill must sell on rise cme 22.70 blw dwn only
silver mcx stya abv 69789 looks up side move 70000-70300++++ buysilver mcx stya abv 69789 looks up side move 70000-70300++++ buy on dipsss sl 69344 looks 4th hrs chart breakout and looks for dedcta bounce due to up coming expiry
SILVER FUTURE GANN BOX AND GANN FAN LEVELS 27-06-2023WE have seen a dip in silver in last session and now Silver rebound again .
Important level and verticle line indicating important pivot reversal point shown on the chart...on every dip there will be buying opportunity. Scalper can do scalping with 100 point
EDUCATIONAL
SilverMic 2h candle break channel SilverMic 2h candle break channel
so its a short in any upside till the lower channel
SILVER FUTURE MCX DAILY CANDLE PRICE READING SILVER FUTURE MCX DAILY CANDLE PRICE READING
LOOKS like price can follow this long term channel and
can take break and pause this super impulse up move of this year after one year for the short time near 75500
because similar 21% impulse created in last 2022 march and this time also similar in this current 2023 march
and we are very close to this 21% or 22% so assuming some pause here channel also told the same story
Silver Important levels ! Silver important short term levels are plotted in the chart.
currently silver is trading in the major support zone after a sharp fall in todays session. It is expected that it may bounce back and probable targets on upside are marked in red dashed line.
in case silver manages to close below the support zone, allow 15 minute candle to close it below the level and short for the target marked in green dashed line.
Disclaimer: This is just a view only for educational purpose.
silver spot or mcx silver update blwsilver spot stya bwl 3.70 in mcx 72000--71900 in stya blw than selll on rise may be take dwn 23.50--23.30 in mcx 71670--400+++++ ye sl eep sl 23.91 mcx 71359 sl use
Silver Demand and Supply zones !Silver actionable demand and supply zones are marked in the chart above.
Generally price may reject from supply zone and price may bounce back from demand zones. In case price breaks out or breaks down the zones then we may see the strong price momentum on either side.
Do your research before placing any trade.
Silver Important Intraday update !Short silver if manages to close below support region.
target or next immediate support of silver is marked in the chart.
Silver Bearish viewpls check diagram for entry . small RR ratio. (1.22) but with good setup . take entry only if 1 hrs candle closes below entry level.
Silver Important Intraday Levels !!If silver manages to close below 72733, we may witness a huge fall.
expected targets are marked in green line on the chart. which may also act as a support.
silver stya abv 24.30 i mcx 73350 if hold abv zoomsilver stya abv 24.30 i mcx 73350 if hold abv zoom expect 24.80 in mcx 74128--75000++ expectt
Bearish Butterfly In SilverBearish Butterfly In Silver
If Breaks 73000
Sell PRZ - 74600/74800
SL - 75001
Target - 73400/73000
