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Micro Silver Futures

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SIL1! trade ideas

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
MCX:SILVER1!
by AMIT-RAJAN
19
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
MCX:SILVERMIC1!Long
by krishnapatel_
1
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.
MCX:SILVER1!
by InvestyourAsset