Get started
Silver FuturesSilver FuturesSilver Futures

Silver Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

SV1! trade ideas

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