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SIL1! trade ideas

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.
MCX:SILVERMIC1!Long
by Devjitrader
1
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.
MCX:SILVERMIC1!Short
by Devjitrader
#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