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Silver Trading | Market is Looking to Shakeout Weak Hand Traders

Silver Traders Beware – Signs of Re distribution shows the possibility of a Shake out

US Dollar is stealing the spot light in Global markets, Surprise selloff in Commodities and sudden strengthening of dollar caught many traders by surprise. Silver prices are reflecting the current sentiment that is wide-spread in markets. Silver ended the previous week around 16.60 – Lowest weekly closing over the period of 6 months. Price action analysis on 4h chart uncovers some important insights about Silver.

From the Perspective of Market structure, Silver is in sell off since November 11 and the current movements are better explained from that context. Kindly see the chart (listed above) and notice price action during the time. (I cover similar Chart Analysis, Price action Trading strategies in my Trading course) It seems like Silver is in re – distribution process and Smart money players didn’t completed their transactions yet. There are possibilities of Volatile fluctuations before market moves in the real direction of present sentiment. Market is looking to shake out weak hand traders for liquidity. Observe the Price action and ongoing battle of bulls and bears inside the price channel – Sell at higher prices till sentiment remains bearish, in case of any bullish indications or sentiment shifts we need to reconsider our trading plan.

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About the Author:

Balaji is a Speculator, Investor and Trader (All in All!!!) and self published author. Trading in the Markets since decade, have seen more ups and downs along with institutional trader's lifestyle. He usually trades Nifty, Bank Nifty, Commodities, Futures cum Options around both Indian and global Markets. Balaji applies highly analytical and systematic Price Action strategies He blogs passionately about Trading strategies, Price Action Trading, Technical analysis, Macro events, Market setups, Financial and Economical topics. Apart from Trading and Blogging, Balaji also mentors aspiring Traders and Investors on becoming successful in highly competitive financial Markets.

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