SI_F Silver Futures

$SI_F Retest of the bear flag. Next week we likely continue down toward 61, which will act as a retest of the bullish breakout. I'll go long there. If we lose 61, 50 will come before 80. NFA, GLTA! $SLV $PSLV

If you are trading silver, you must know that the silver is very sensitive to the 10Y yield, especially the real/TIPS yield. That said, there are other factors such as supply/demand, ratio to gold, etc. so the silver price can devite slightly from this table. Using this info, you can estimate the potential down- or upside more reliably. Right now, the 10Y yield has been hovering in 5.2% to 5.3% area, so silver can trade in $57 to $63 ranges. $SI_F $SLV.X $AGQ $GLD.X $GDXU

$SI_F With elevated 10Y yield, I just feel like the silver will visit mid 50s before rebounding, so while it's tempting to buy the 58-59, I'm patiently waiting. $SLV.X $GLD.X $AGQ $GDXU

$SI_F As long as 10Y yield hover in 5.2 to 5.4% area and USD stays above 100+, silver will continue to be pressured and will not find any foundation to rally. I think silver could drift to mid 50s, and closer to 55 might be a good entry. $SLV.X $AGQ $GLD.X $GDXU

$SI_F $SLV • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 61.05 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 60.63 ➔ 68.98 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 68.07 – 68.53 • Buy-Side Liquidity (PDH): 61.20 [SWEPT] • Sell-Side Liquidity (PDL): 60.49 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$SI_F $SLV • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 67.22 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 62.75 ➔ 72.05 • Refined Demand (+OB): 64.32 – 64.79 • Overhead Supply (-OB): 71.00 – 71.53 • Buy-Side Liquidity (PDH): 66.94 [SWEPT] • Sell-Side Liquidity (PDL): 66.56 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$SI_F $SLV • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 60.67 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 58.73 ➔ 68.58 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 65.02 – 65.35 • Buy-Side Liquidity (PDH): 59.06 [SWEPT] • Sell-Side Liquidity (PDL): 58.92 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

$SI_F must hold $60 or else silver mining companies could get wrecked. Something to watch for next week. Watch the dollar when trading this. Strong dollar is putting pressure on Silver.

$SI_F This looks like a retest, but we need something like the green arrow to play out before we can flip bullish

$SI_F closed below the wedge support zone. It is a no touch for me...for now. But I am daytrading silver names.

$SI_F apparently, in next three weeks, silver is expected to move up, maybe breaking that $71 level.

$SI_F US bond yields chose violence today. buyers are leaving. where's the money going to go? :)