SILVER

Please note that all updates posted here are NOT real time and have a time-lag UP TO few hours to days depending on the bandwidth available with us to post here and on twitter. The updates are meant for information only. For the purpose of trading, real time updates are critical and mandatory. 

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Original post - 13th Sep 2019 

Posted here - 15th Sep 2019

[Silver December Futures, XAG update] Silver moved in line with the previous technical update and reversed exactly near the key resistance of 18.58 [XAG=18.49].

Silver has now formed a new key resistance at 18.26 [XAG=18.16]. As long as this holds, Silver may target the next key support at 17.3 [XAG=17.2].

Again, please note that we are still in wave(iv) which is irregular and can behave unpredictably. So far, the waves have been consistent with our analysis. Kindly operate only near key levels with tight SLs.

Also be aware that FOMC US Fed meets on Sep 17-18 which is early next week. So, please plan entry & exits accordingly

Also, avoid trading both Gold & Silver simultaneously.

 

Original post - 11th Sep 2019 

Posted here - 15th Sep 2019

[Silver December Futures, XAG/Silver SPOT Update] 

As long as the key support of 17.86 [XAG=17.79] holds, Silver can attempt to retest the key resistance at 18.59  [XAG=18.50] in wave(b). 

Original post - 10th Sep 2019 

Posted here - 15th Sep 2019

[Silver December Futures, XAG/Silver SPOT Update] The target or key support of 17.86 [XAG=17.79] has been hit & Silver has exactly bounced off this support level of 17.86 [XAG=17.79]. 

Shorts from 18.86 [XAG=18.79] zone last week should look to book gains here.

As long as the key support of 17.86 [XAG=17.79] holds, Silver can attempt to retest the key resistance of 18.59  [XAG=18.50] in wave(b). This is our primary scenario.

Original post - 3rd Sep 2019 

Posted here - 4th Sep 2019

[Silver December Futures, XAG Update] Silver has followed Gold in the gap up move. Wave(iv) of 3 had corrected previously to 18.16 [XAG= 18.06] levels.

18.76 [XAG= 18.66] is now a key support in Silver. As long as this holds, Silver has the potential to target 19.8-20.21 [XAG= 19.7-20.11] key resistance region in wave(v) of 3.

_Needless to repeat, kindly avoid trading both Gold & Silver at the same time since they mostly emulate each other. The risks shall only multiply.

Original post - 30th Aug 2019 

Posted here - 4th Sep 2019

 

RE-BROADCASTING a previous article on SILVER shared on 28th JUNE 2019 when Silver was trading around 15 

Link here - https://www.arnamcapital.com/gold-silver

[Gold Silver Ratio] It is simply a ratio of Gold rate divided by Silver rate at any point of time. For Example, If Gold is at 1400 and Silver is at 15, the ratio is 1400/15 which is 93.3.

This ratio has mostly been in the 50-70 range majority of the times with the exception of a few years where it reached extremes on both sides. The ratio is again within striking distance of 100 which is the historical high. Each time the ratio has approached the high, the pull back has been violent and massive pushing the ratio back to at least the 50-70 range resulting in huge upside for Silver.

Important to understand though that the phenomenon of pulling back from an extreme to the 50-70 level has taken several years. So, any view should be a long term MULTI-MONTH view.

 

It is not a matter of IF Silver will SHOCK the market, but WHEN.

 

Original post - 23rd Aug 2019 

Posted here - 4th Sep 2019

[Silver September Futures Update] Silver is under-performing compared to Gold but mostly moving in line with the Gold-Silver ratio.

Silver has a new key support region at 17.12-17.26. As long as this holds, Silver has the potential to target the next key resistance at 17.6 followed by an extension to 17.82 & 18.13

 

Original post - 17th July 2019 

Posted here - 17th July 2019

 

[Silver September Futures Update] As anticipated yesterday, Silver is now reaching the target & the key resistance region of 15.95-16. Important to lock gains by moving SLs.

Original post - 16th July 2019 

Posted here - 17th July 2019

 

[Silver September Futures Update] Silver has just broken multiple key resistances in a matter of few minutes. The break out seems significant. 15.36 is now a key support in Silver. As long as this holds, Silver shall target the 15.95-16 region next.
 

 

Original post - 22nd May 2019 

Posted here - 08 June 2019

[Silver Update] 14.35 key support is what we had shared in our last update & it has held so far. Silver bounced exactly from 14.352. 

That said, we need a confirmation if this is indeed a multi-month bottom. While we seem to be getting closer to the event of bottoming on the metals based on weekly RSIs, MACD etc, there is still a low probability scenario of another leg down before the bottom has been made.

To confirm whether 14.352 is a bottom, we need Silver to make an impulse move above 14.70 first. This shall provide a great positional multi-month long trade set up. Until we see this confirmation, with another low probability "one more leg lower" scenario looming, it is best to remain on the sidelines.

When Silver makes the bottoming confirmation move, you shall not need us to tell you that metals have bottomed. It's price action shall be so pronounced that it will just make this EXCEPTIONALLY clear.

 

 

Original post - 03rd May 2019 

Posted here - 11th May 2019

[Silver July Futures] While Silver bounced exactly from the support region suggested yesterday, it is still not out of the woods yet. Silver shall need to surpass 15.13 to confirm a significant low is in place.

 

Any longs taken near the 14.54 support yesterday should lock gains by trailing SLs.

Original post - 02nd May 2019 

Posted here - 11th May 2019

[Silver July Futures] Silver is now in a region where it is negotiating between the bullish and bearish set up. 14.54 is an extremely important support that may result in a corrective bounce. 

The nature of this corrective bounce shall be very telling in terms of whether Silver is climbing back into the bullish set up or blending into the bearish set up moving to lower 14s and perhaps further down.