SI SI_F Silver Futures Loading... : Investor Sentiment and Bull/Bear Views

Mentions Silver in comparison to a wedge pattern forming in Wheat.

The author references a classic charting textbook to explain falling wedge patterns in silver futures, providing educational context rather than a directional trade call.

The tweet cryptically warns of a potential downside move in silver futures with a chart link, but lacks an explicit position or directional call.

1. THE FACT: Peter Brandt states the 2X target in $SI_F (Silver futures) is $128, but warns "the higher we go now, the longer and deeper will be the correction" and "Whatever the high is, it might not be seen for years." 2. THE BRIDGE: While a target is given, the strong warning about the subsequent correction implies a bearish outlook once the current rally peaks. 3. THE VERDICT: Watch for Silver futures ($SI_F) to reach $128, then anticipate a long and deep correction, suggesting a short position after the peak.

1. THE FACT: If you are long Silver and/or Platinum, I say "Well done." Congrats. But know this -- moves can far exceed anything expected And tops come quickly when they come And retracements are almost always full. 2. THE BRIDGE: While current long positions in Silver and Platinum are profitable, the speaker warns that tops can form quickly and retracements are typically full, suggesting caution and readiness to exit. 3. THE VERDICT: Watch Silver and Platinum for potential rapid tops and full retracements, despite current strong performance.

1. THE FACT: The case can be made based on the quarterly ADX (ADX is the only indicator I follow) that Silver is far from overbought. I think a case can be made for $147. 2. THE BRIDGE: The ADX indicator suggests Silver is not overbought, indicating room for further price appreciation, potentially to $147. 3. THE VERDICT: Long Silver, as it is not overbought and has significant upside potential.

1. THE FACT: The Silver move is powerful. It will not end until all the short bleed to death. I expect the top to come with a $10 to $15 daily range. 2. THE BRIDGE: The current powerful move in Silver is driven by a short squeeze, indicating further upside potential until shorts are fully capitulated. 3. THE VERDICT: Long Silver, anticipating further short squeeze and significant daily range expansion.

1. THE FACT: Spot deliverable Silver in Shanghai traded today for as much as $5/oz premium to spot Silver against deliverables at Comex. 2. THE BRIDGE: A significant premium in Shanghai suggests strong physical demand and potential for price appreciation relative to Comex. 3. THE VERDICT: Long Silver due to strong premium in Shanghai.

1. THE FACT: Silver futures ($SI_F) have sliced above the $50 level, which previously acted as resistance in 1981 and 2011. 2. THE BRIDGE: This breakout suggests a new bullish phase. Corrections should find support in the low $50s. 3. THE VERDICT: Long Silver futures with upside targets at $87 and eventually $200-plus.

1. THE FACT: Peter Brandt states that the Silver chart implies a possible move to $84, though he notes chart patterns often fail to deliver the implied punch. 2. THE BRIDGE: Despite the caveat, the implied move to $84 from the current price (not specified but implied to be lower) represents a significant upside potential based on chart analysis. 3. THE VERDICT: Long Silver ($SI_F / $SLV) with a target of $84, acknowledging the risk of chart pattern failure.

In the short term, silver futures may be vulnerable after breaching $37. Wagner says if the move proves unsustainable, futures traders should look to sell into it rather than buy and hold; $42 is the next upside resistance, $47.50 is the absolute high, and support is $33.80 then above $31. He expects extreme volatility at these levels, so tight stops are unlikely to work and traders need an interim strategy.