Silver Brewing a fall soon?
Sell Silver Futures
Rationale:
Silver has formed a rising wedge pattern on the 4-hour chart, indicating exhaustion in the recent uptrend. Price action shows multiple rejections near $48.40–$48.50, while the CCI momentum indicator is flattening after reaching overbought territory, hinting at a po
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Related commodities
gold silver crucial upate Gold now tested historical high 4060$ as per expected and dwn from high 25$ support additional 4010-4000$ if mkt sustain blw than near dwn 3995-80$ expect or if hold support than again tes new high but eyes on 4060 if sustain abv than mkt 4085--4120-45$ again due to strong etf demands ------------
Silver: Bearish Engulfing – Is the Top In?#Silver View:
Just like Gold, Silver has formed a strong Bearish Engulfing pattern on the daily chart, potentially signaling a temporary top in the current trend. While it’s still early to confirm a full reversal, the price action suggests caution for bulls.
✅ Confirmation:
A daily close b
Silver 5000-5500 points upmove from previous buy given hold buySilver upmove will continue next target 49.80 to 49.90 on comex , mcx levels given on chart but fallow comex levels
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2%
Silver holding buy trade from 148350, target 153400, 155700Silver holding buy trade from 148350 target 153400, 155700 levels given on chart
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break the
Silver holding buynfrom 144000 , target 145600Silver holding buy from 144000, target 145600 , upside target big but mcx closed tomorrow so will book profit.
Yesterday also bought at 141500 and booked today at 144100
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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MCX provides data to our registered users only, so to get it you'll need to sign up for a TradingView account.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Futures this number is 24.90 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Silver Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Silver Futures technicals for a more comprehensive analysis.