Silver UpdateMFI went oversold so I assume up. I'm not bullish on silver so don't yell at me if it doesn't go up, lol.
Compare with Micro Silver Futures (May 2024)
Silver (SI1!) | Elliott Wave Structure and the Paths AheadSilver (SI1!) | Elliott Wave Structure and the Paths Ahead
Silver’s long-term structure remains focused on the aggressive Elliott Wave scenario, shown by the blue path.
Under this count, Silver may have completed a major Wave 1 at the 2011 peak, followed by a deep and complex Wave 2 correction. Th
Long
SI (silver) UpdateMFI hit oversold so we probably see a bounce like the circled spot. I'm still bearish for the Fed meeting tomorrow though.
SI UpdateTesting support from last week, if it breaks then it's headed to the next one down, I've got it marked. Probably gonna retest that support anyways on Wed with teh Fed meeting coming up. Indicators are not oversold yet unlike BTC.
Silver Mini MCX Fut Intraday Technical Analysis for 31st July,26MCX:SILVERM1!
Silver Mini Futures (MCX) | Technical Structure | July 31, 2026
Silver Mini is trading around 222,600, sitting directly on the 222,600 Zero Line. The contract has staged a solid multi-candle recovery off its lower structural demand zone near 218,056, pushing back up to test the cent
SI UpdateMarket down big, silver not moving. Looks to me like $57 is the happy spot for silver, $4k for gold. We'll see if the Fed can tank gold, if not then there's no trade here.
Silver UpdateSilver and gold gapped up like index futures, the gap needs to fill. Looks like silver is already headed that way. Fed meeting Wed.
Short Term Gold Rally over?RSI and TTM are looking better while price continues to sag. This is a classic bullish divergence in a strong down trend. In other words, selling momentum is slowing down—the bears are running out of aggressive velocity.
But price requires capital inflows to actually turn. Until price breaks above
SI UpdateGeez I wish I had shorted this yesterday when it hit oversold. Looks like it was just a gap fill trade and not a rally. RSI headed to oversold then you'll see a bounce.
Expecting market to bounce today
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