Silver Futures Analysis – tradeCompass for Today
Current Silver Futures Price: $32,350
The tradeCompass is a structured framework for Silver Futures analysis, helping traders identify key price levels where market participation is expected to increase. This approach keeps traders open to both bullish and bearish setups, allowing flexibility in decision-making.
If silver futures break above or below the bullish and bearish thresholds, the tradeCompass outlines potential profit targets for traders looking to capitalize on momentum. Conversely, traders can also use these levels to fade price moves if early reversal signals emerge.
Bullish Trade Setup for Silver Futures
If silver futures rise above $32,440, it signals a bullish breakout, as this level is positioned:
✔ Above yesterday’s VWAP
✔ Above today’s Value Area High (VAH) at $32,400
✔ Above the VWAP from two days ago ($32,430)
Profit Targets for Bulls
🔹 $32,495 – Just below yesterday’s POC (Point of Control)
🔹 $32,575 – Just below yesterday’s Value Area High
🔹 $32,675 – Just below VAH from two days ago
Trade Management:
Once silver reaches the second or third target, traders may consider moving the stop-loss to entry to secure gains while leaving room for further upside.
Extended Bullish Profit Targets for Silver Futures
For traders holding positions beyond the initial breakout:
- $32,740 – Near the Value Area High from three days ago
- $32,990 – Just below the Value Area Low (VAL) from February 18
- $33,060 – Just below VWAP from February 24
- $33,190 – Another key VAH level
Swing Targets for Long-Term Silver Bulls
- $33,670
- $34,125
- $34,965
Bearish Trade Setup for Silver Futures
If silver futures drop below $32,125, this signals a bearish breakdown, as this level is:
✔ Below POC from two days ago
✔ Below today’s Value Area Low (VAL)
Profit Targets for Bears
🔻 $31,910 – First downside target
🔻 $31,635 – Correlates with the Value Area Low of January 29
🔻 $31,305 – Just above the Value Area High of January 27
🔻 $30,915 – Deeper downside target
🔻 $30,750 – Aligns with Value Area Low of January 28
Alternative Strategy – Fading Moves at Key Levels
Some traders use the tradeCompass price levels to fade moves rather than following breakouts. For example, near $32,700 (a key bullish target), traders might look for early signs of a reversal to enter short positions instead of chasing the trend.
Silver Futures Trading Strategy – Final Notes
✅ tradeCompass is a Decision Support Tool – It provides key levels but should be adapted to your trading approach.
✅ Partial Profit-Taking Strategy – Using multiple contracts (e.g., 10 micros instead of one e-mini) allows for scaling out of positions at different targets.
✅ Always Trade at Your Own Risk – The tradeCompass serves as an orientation tool and is not financial advice.
For more expert Silver Futures analysis, visit ForexLive.com.