Silver Futures (MCX) – Shift to Complex Corrective StructureThere has been a notable shift in the structural interpretation of Silver. The earlier view of a large ABC corrective pattern (marked in red) stands invalidated following the recent price action, which has breached the expected structural boundaries of that count.
As a result, the wave structure is
Silver Futures
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Related commodities
Si | April 2026 | 4hr chart** T.A explained **
A Range = two or more consecutive color candles.
There are two types of ranges - accumulation and distribution.
DISTRIBUTION RANGES DEFINED: BackSide (BS) Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to o
**SIL Notes from Recent High Frame Price action 4/16-4/17****SIL Notes from Recent High Frame Price action 4/16-4/17**
* SIL is currently trading around **78.71**, and continues to hold its **bullish reversal structure** after the move off the **62.8 low**.
* The inverse head and shoulders pattern remains intact, but unlike GC, SIL is showing a bit more **
Long trade
Entry: 74.905
Ideal Entry Zone: 74.85 – 74.95 (FVG / Demand)
Stop Loss: ~74.60 (below sweep)
TP1: 75.30
TP2: 75.50
🧠 PAIR: SI1! (Silver Futures)
📅 SESSION: New York (PM)
⏱️ TIMEFRAME: 15M (Execution refined on lower TF)
🧭 CONTEXT & THESIS
Price completed a sell-side liquidity sweep below prior l
SILVER COMPRESSION BEFORE EXPANSIONTimeframe: 4Hr, Price is not moving randomly here. It is being positioned.
What we are seeing is not indecision, it’s controlled compression under resistance.
STRUCTURE BREAKDOWN
• Clear shift from downtrend
• Higher lows forming with precision
• Trendline support respected multiple times
KEY
Technical analysis: Silver touches resistance 76,680: Technical The market is in a technical recovery phase (wave 4) towards the key resistance area of 76,680. The mid-term trend is still down; Trading tends to prioritize opening a Sell position when the price shows a reversal signal at the resistance area to trigger a downward wave (5) towards the target of 5
Trade Short/long
Bearish observation
Clear lower highs + lower lows
Weak reclaim attempts
Price stuck below key supply levels
Key Levels
🔴 Sell Zones
75.50 – 77.20 (Primary objective)
78.30 – 80.70
🟢 Buy Zones
70.00 – 69.00 (intra support)
65.30 – 64.95 (major demand/sweep zone)
Currently Current Price (~73)
Silver price action is showing signs of stability Silver price action is showing signs of stability after finding strong support around the $66 region, holding firmly above the 0.618 Fibonacci retracement. This level is acting as a key demand zone, suggesting buyers are stepping in and absorbing selling pressure.
As long as price continues to hol
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Futures this number is 208.63 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Silver Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Silver Futures technicals for a more comprehensive analysis.









