Silver Futures

COMEX

SI1!

QuantVox

My fundamentals and technical analysis suggest the Silver is on an uptrend channel. Gold-Silver-Ratio indicates a strong dislocation in the precious metal market. Silver bounced back from 11.6 to 16.11 (at the 0.618 Fibonacci retracement line). Using a Pitchfork, I drew the upward trend crossing through the middle of multiples tops and lows since the 18 March (the...

yarnia2014

abc correction completing in 2019 will commence in line with a stock market crash in early 2020 - then up :)

tradingguideonline

Hello, similar to gold, in my opinion silver is shortly bevor a historical turnaround, signed with a blue tradingbox in the chart above, which can be used to place longorders. Now we should prepare for it. Why should we believe in that? Because of the sentiment, which is worse than at the end of 2015 as silver built a superordinate bottom (corrective wave 2 form...

AntMwah

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 beyond.

AntMwah

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.

MaxKuznetsov

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.

IgnasSudaris

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 ?

AntMwah

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.

AntMwah

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...

Tradimo_Official

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.

AntMwah

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

AntMwah

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.

AntMwah

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

AntMwah

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.....

AntMwah

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

AntMwah

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

AntMwah

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.

AntMwah

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.