Silver Short (17 Nov)Silver Short (17 Nov) RSI- 43 Sell at CMP- 61550 SL- 61800 Target- 61210, 60980 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani1409Updated 2
Silver Long (16 Nov)Silver Long (16 Nov) RSI- 74 Buy at CMP- 62420 or at 62330 SL- 62035 Target- 62850, 63020 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Longby ashwinjethwani1409Updated 3
Silvermic - Bears in ActionSilvermic (Next Month) - Sell area 36800-900 Sl 64250 Tgt - 61500 Reason - Break of Trend Line Reason 2 - Hourly Bearish EngulfingShortby Vishy5Published 2
buying opportunity in silvermicsilvermic has tested the resistance zone 3 times on 1 hr timeframe. if there is breakout there will be buying opportunityShortby ninadghadiPublished 2
Silver Short (07 Nov)Carry forward Silver Short (07 Nov) RSI- 70 RSI divergence Sell at CMP- 60890 SL- 61275 Target- 60160, 59700 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani1409Published 2
silver buy on dip sidevery small risk and reward is huge approx 7:62. and triangle breakour has been seen, so target is up side..by EquityclubUpdated 3
Silver long (02 Nov)Silver long (02 Nov) RSI- 69 Buy at CMP- 59175 or at 59000 SL- 58750 Target- 59700, 60250 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Longby ashwinjethwani1409Updated 1
Silver long (31 Oct)Silver long (31 Oct) RSI- 52 Buy at CMP- 57560 SL- 57250 Target- 57850, 58000 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Longby ashwinjethwani1409Updated 4
silvermic trading opportunityshorting opportunity in silvermic. wait for proper breakdown to enter in tradeShortby ninadghadiPublished 2
False Breakout Trap In Flag FormationThis is very good example of false Breakout Trap in Flag Formation. What happened in this case , Silver is in downtrend fir long time and a reverse chart pattern formed near the bottom of the week. A flag formation is formed in 2 days of trading session where I used 3o minutes chart for this formation. Once the flag formation breaks near high of the trend line ,most of the trader went long because they are tired of sideways movement of silver for last 2 trading days So the price of silver rise for some time then fall back to the bottom price which is actually demand zone for last some weeks . The important point to note here is one should wait for the breakout confirmation in Flag chart Formation, Most of the time flag Formation Breakouts confirm at least once then again' real Breakout occure... What I consider important here- 1- First mark trend line both the side of the price range which is lower lows and higher highs 2- Wait for the price to break it either side of the trend line then wait for Retracement. 3-The price will most probably come down to the demand zone then make your long position there with very small stop loss As you are entering at the bottom of the lower trend line. So your risk reward is very good here and you have very less ti lose here and reward is very high. 4- Then you will see amazing movement of the price with big candles formation and stay In the trade till the flat formation pattern rise . 5- The possibility of this type of trade is very high if you make right Entry.Longby DevjitraderPublished 111
Silver Intraday Range 21st OctoberIf silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.Longby PriceActionMonkUpdated 0
Silver Intraday Range 20th October If silver gives breakout above the range we will buy , if it gives breakout below the range we will sell. Shortby PriceActionMonkPublished 0
Silver Mic - BearishSilver rejection at trend line Hourly bearish engulfing Shooting star at resistance Sell on pull back only if it breaks 56800 area Sl 57200 Target 55000Shortby Vishy5Published 0
shorting opportunity in silvermicone can look for shorting opportunity in the marked area on smaller timeframeShortby ninadghadiPublished 0
Silver future can bounce from here ?Silver future is near support level 56800-56600. As chart shows. It may give bounce from here 1000-1500 pointsLongby tradetechnicalanalystUpdated 6
sell silverdollar index sharp movement & break level 114 then silver down 54000 levelShortby RatanDuttaPublished 220
shorting silvermicshorting silvermic on 15mins timeframe. 460pts s.l approx Shortby ninadghadiPublished 0
silvermic positional trade viewwait n observe before taking position in silvermic silvermic has tested the trendline 3rd time. if it breaks trendline one can wait for retracement and take short position uptrend possibility is very less by ninadghadiPublished 0
Script is in downtrentThe price of precious metals and the US dollar tend to move in opposite directions. In finance speak, they are 'inversely co-related'. This means if the dollar strengthens, silver is unlikely to do well. And that is exactly what has happened in this year. The dollar is a bit of a juggernaut at the movement. It's trading close to its 20-year high. In fact, so strong is the dollar these days that even the euro, which is usually the stronger currency, has fallen to near parity against the dollar. The strength of the dollar is due to money flowing in to the US from most other countries due to fears of a global recession. In a recession, investors tend to park their funds in the perceived safe have of US treasury bonds. Fears of a recession is rampant in global markets right now. This is keeping the dollar strong. # High Inflation Leading to Higher Interest Rates Another reason for the weakness in silver (gold too as gold price is falling), is the sharp rise in interest rates around the world. The US central bank, the US Federal Reserve, is pursuing an aggressive monetary policy to get inflation under control. The Fed has already raised interest rates and will continue to do so in the weeks and months ahead. This aggressive rate hike policy is also supporting the dollar and has triggered fears of the US sliding into recession. Higher interest rates hurt sentiment in precious metals because gold and silver don't earn any interest while investors can earn higher interest on safe government bonds. Usually, high inflation is positive for gold and silver prices, but this time higher interest rates have spoiled the party. # Industrial Demand is Under Pressure In financial markets, silver is treated as a part precious metal and part industrial metal. This is because about 60% of silver demand is from industries. Silver is considered to be an indispensable industrial metal. It has wide-ranging uses in industries - photography, electronics, IoT, home appliances, textiles, medicine, dentistry, solar photovoltaic cells, LEDs, RFID chips, nuclear reactors, EV batteries, soldering and brazing alloys, water purification, wood preservatives, and more. During a recession, demand for industrial goods reduces all over the world. Silver is not immune from this slowdown. Whenever the global economic growth seems to be under pressure, silver prices take a hit. And this is what we are seeing in the market today. Also, the economic slowdown in China, due to harsh lockdowns, has made the situation worse for industrial demand. Thus, silver prices are likely to be subdued in the short term. # Outflows from Silver ETFs In India, silver ETFs are still a relatively new investment vehicle. But in the west, they are very popular. During covid times, these silver ETFs witnessed record inflows. However, the weak sentiment in the market has lead to a reversal in 2022. Buyers have turned into sellers and are withdrawing their money. Of the many market forces driving the price of silver higher, the investments in silver ETFs was a big one. It created a strong bullish sentiment in silver over the last 2 years. Thus, if sentiment turns more negative than it is now, there could be more downside for silver at least in the short term. Although, the outlook should improve over time. Ace trader and long-time silver bull, Vijay Bhambwani, believes the silver bull market is still on. He explained his view in this video - Bull Market in Silver is Still on. You can also check out Vijay's YouTube playlist on silver. If you're thinking of taking advantage of falling prices by investing in silver now, we suggest this reading this helpful guide - How to Invest in Silver. You can track the price of silver here.Shortby DevjitraderPublished 3
SILVER #Watchlist #SILVER (M):-CMP 59240 looking good for 65000,70000++, Only above 60000 Weekly Closing. #Disclaimer:-View shared is for educational purposes only. Longby Charts_insidersPublished 4
Silver Range For 6th October Silver today's range for entry. Stop Loss only 250 point and target 250 point, trail SL on each 250 points movement. Longby PriceActionMonkPublished 0
Silver Important Buy and Sell Levels Crude Buying and Selling Levels Marked. Plane Trade When it Forms Price Action at marked Levels. Some Examples are shown already in charts. Longby PriceActionMonkUpdated 2