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SIL1! trade ideas

#silverSilver: Silver holding below the near four-week high of 58200 hit September 12 as hotter-than-expected inflation in the US resulted in overdoing inflation fight by FED which announced a hike rates by 75BPS and signaled further increases in the coming months. The Hawkish statement from Fed officials indicated their intention to keep raising rates until the funds level hits a “terminal rate,” or end point, of 4.6% in 2023. Moreover, they see GDP growth slowing to 0.2% for 2022, then rising slightly in the following years to a longer-term rate of just 1.8%. Analyst believe, Fed rate hike could add $2.1 trillion to deficit Concerns over the hawkish stance prompted market to believe ression in the global markets likely as a result the white metal is not holding on to its gains. In Europe, the ECB signaled it will continue to raise interest rates after following the 75bps hike in its September meeting. Bank of France head Villeroy stated that borrowing costs in the bloc could reach a neutral level by the end of the year, as the policymakers move to curb inflation from current historically high levels. Technically, Silver has a strong support at 54500 sustaining above 56600 will confirm the falling channel breakout that will make silver to retest 20DMA at 58200
MCX:SILVER1!
by CA_Chetanbhasin
Silver ( XAGUSD )My idea to trade silver as sell on rallies As the fundamental on Silver is not improving economic activities are slow . A very important to be taken note of Silver is a industrial utility the demand and supply need to focus on and this has a major impact on the fundamentals of silver . Till the time we are seeing EUR going down and rates keep on increasing this will not make this improving in near future .Ema will be acting as a resistance and if we break above ema then we can see some changes in the trend till the time we are in down trend and will be continued .
MCX:SILVER1!Short
by palkeshjain06
🥈 #Silver possible move MCX:SILVER1! set up says silver is bullish but we can see some resistances also, trade with small targets or trade with trailing stop loss. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow **whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
MCX:SILVER1!Long
by linesandlevels
3
Silver. Ready to Shine ?An effective candlestick pattern can be witnessed in Silver on a weekly time frame - The 3 bar play. A momentum buildup is in progress and the trend is expected to reverse. Silver has also given a breakout of it’s resistance of 58986 with good levels of volume. We expect a rally up to the levels of 61294-62660 in coming weeks. The above analysis is just for educational purposes. Traders are advised to do their own research before making any decisions.
MCX:SILVER1!Long
by Ratnesh2107
2
Silver Silver : silver run in a pattern. From start of 2015 to mid 2020 was in the range 35000 to 49000 approx, after this range breakout silver entered in another range from sep'20 .. range of this new pattern is 55000 to 75500. Currently silver is trading around 59200, so it seems good time to invest in silver ..as range suggest in short term we can se 75000-76000 again which means 20-25% upside possible. Better way to invest in silver is to buy silver ETF... As pattern is suggesting if silver break this range in next 2-3 years then silver will move another 20000 to 25000 point...so big upside is possible in long-term as well. Start investing smaller capital in silver thru SIP or lumpsum Note: educational post
MCX:SILVER1!Long
by vijay231084
[Commodity] Silver OverviewIts a running short trade. Just sell it with a SAR (Stop and Reverse) in the buying line. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:SILVER1!
by Amit_Ghosh