Silver Futures COMEX:​SI1!

Red triangle held in both directions - first a false break high and then a major bull capitulation which was held at the bottom. The price is now back at the monthly pivot and within the blue parallel channels (coiled area) on my chart. Am initially looking for a move to the top of the blue parallels and then subject to it breaking the top of the red triangle and ...

Very narrow range getting increasingly narrow. Extreme move coming. I'm looking at GOLD and Dollar for the clues & probably FOMC is the catalyst but Silver might be the trade to play rather than the other two.

Silver is on a strong support and there is a slight upward momentum. The cypher is a profitable pattern with a success rate of 75%. If point D is confirmed then watching for bullish price action.

There is nothing much to say, Butterfly bearish pattern and MACD indicates as well a downfall. Histogram doesn't show a strong downtrend. Maybe we can see a price retracement ?

Not yet made a move which supports the recent advances in gold. This chart shows a possible inverse H&S with $19 e tension area.

We have seen a recent bullish move on silver breaking a downward trendline, and if you scale back to a weekly view there is plenty of scope in the RSI to keep this move going. HOWEVER we also have a band of resistance at $18 which has been prior privot support and resistance areas. The price is unwilling to move above this level just yet and despite the bullish ...

It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.

Did briefly fail this level last time the price dipped, however the drop looks false & its otherwise held this line nicely ....

Retaken the rising trendline which was recently lost. Not yet consolidated above it, but there looks strength here to push back towards the $17 region where I think we will see some resistance from that Fib line.

A double bottom off the 23.6% Fib line might be a decent looking long entry.

Pretty similar set of two complete waves over approximately same timeframe 2016 and 2017. Retraced almost fully 61.8%. If we are in for a repeat of 2016, the third move up is a big one.....

Lost the 200DMA but found support from the rising wedge. This may be a good entry level.

This structure looks firmly in place & should give us a rise / retest of the major resistance at $18.50

Higher low today. Creeping up the rising trend line. Got to be a matter of time before it has a go at $18.50 again.

Funds holding a record long in #silver after three weeks of heavy buying. Silver traded 9% higher when it hit the previous record last July. $1850 is the level to break.

Currently sat on the 50% line from July high to December low. Watching for a full daily close above this level & will look to go long from there. The earlier 50DMA break in this rise often signals much bigger moves....

Looks like a real pivot point here. 50% Fib. Wall of resistance to going higher, yet momentum to do so.

Could be a big move on the cards here.