SILVER – Breakout Attempt Underway SILVER | 1H TIMEFRAME
Price is breaking out of the falling wedge + forming a cup-type rounded bottom from support.
📊 Technical Overview:
• Cup formation breakout spotted ✅
• Price attempting to sustain above falling wedge resistance
• 55 EMA & 25 EMA crossed bullish
• Volume buildup visible
•
Contract highlights
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Speculative Silver target USD42 by November 2025Hello,
Its always a bit risky choosing a price target AND a timeframe, but here is mine, lets see how it unfolds.
Silver is looking like it is going to do a "short, sharp" correction, as the wave two correction (April to June 2025) was slow and complex. Then it will head for $42. The correction ma
Silver - failure to break highs yesterday...This week is news packed... I was hoping to see Silver break above recently lower highs.
I am out of all positions - but I would not be surprised to see further breakdown in a second corrective leg, finding support at the FVG above next fib retracement.
Like I said, though, this week has alot of
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Silver Futures (Dec 2024) is Dec 27, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Silver Futures (Dec 2024) before Dec 27, 2024.