SilverDue to the uncertainty in the stock market, Gold and Silver raised to a greater extent.
If you are looking for shorting opportunity, then we have to wait for perfect time in which the market reverses.
This chart will gives you support and resistance for both long and short term.
Disclaimer :
Analysis are purely for educational purpose. Do not take any trade based on this. It is very important to do your own analysis before making any investment.
TSI1! trade ideas
Silver at very strong SupportSilver is once again at its very strong support. I see a opportunity for buying @60000 with a SL at 57800 ( Just below the rectangle box).
In the past we have seen it getting rejected twice from 200dma so that will be our immediate short term Target @65000
The other levels marked(66650,70000,73150) are all important Support/Resistance levels which will be our further targets in the medium term if the price breaks above 200dma.
Pls do give me a thumbs up if you liked my analysis😊, Good Luck trading!👍
Silver Analysis !! #Silver #Bullions Description : Silver is forming a beautiful triangle as lower supports are getting tested whereas upper resistance levels are getting lower as you can see with trendline zone.
Support Area : Break of Support at 21-22$ downside will lead to immediate support at 19$. Although Support are has been tested several time it breaks might see free fall.
Resistance Area : Break of resistance on upside 25-25.5$ on upside will lead to 28$ and then followed by 30$
SILVER MINI FEB WEEKLY TFPerfect price to enter into positional/short term trade. one can go long for a view of 63000 within this month -65000 within next month.
Silver has given 7% negative YTD return. while all other base metals have given on an average 30% YTD. how can precious metals like SILVER GOLD be left behind. Bet on SILVER (and gold too) for short to medium term gains of about 7-10%. as equity markets have become volatile SILVER GOLD can give a smart place to park your funds to buy in corrections in EQ markets.
Technically too SILVER is trading near its long term support zone. 61000-59000.
Risks : US FED rates, RBI interest rates (not expected before FEB-MARCH)
SILVER MINI FEB - Huge BreakoutHope Everything's clear friend. See my previous posts on SILVER M . Huge Huge Breakout today on hourly TF. Buy Buy Buy . . . Target = Open Sky (Min. 75000, then 100,000) I have been of the view when NIFTY hit ATH of 18600 that SELL EQUITIES, BUY BULLIOIN (Gold + Silver). Huge trend reversal expected sooner than later.
Thank me later. :)
SILVER MCX : How to make money?IS THIS A GOOD TIME TO BUY OR WAIT FOR MORE CLARITY
Silver has a major support @ 61150
One can buy with a Stop loss of this support for 1000 points rally from current level.
BUY @ 61540
TGT @ 61850-62250-62800
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Take care, trade safe !!!
Regards
Team Moneymarine