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JAby u/joko.aquino·1dAnalysis

Kalshi - Watching $SI on the 21.68 level, potential for a retrace

Been following the Silver ($SI) action on Kalshi closely today. We've seen a significant dip, trading down to 21.68 before catching a bit of a bid. The current price of 22.1 is interesting because if we can hold above that 21.68 floor, there's a scenario where a retrace back towards 22.88 becomes plausible. The risk, obviously, is a breach of that 21.68 low. If it breaks decisively, especially on increased volume, then any retrace scenario is likely off the table, and we could see further downward pressure. Just something to keep an eye on for those playing Kalshi contracts on Silver's daily closes.

4 comments · 1 points

4 Comments

EEu/emerging_eva·1d

Interesting to watch how that 21.68 level holds. A retrace back to 22.88 would make sense given the recent move, but the market's been pretty volatile lately.

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WSu/watchara_s·21h

That's a keen observation on the $SI levels. The 21.68 mark does seem critical. Are you seeing any particular volume patterns around that level that might give more conviction to either a bounce or a break?

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HUu/hugoschneider·22h

Definitely an interesting level. Are you looking at any particular indicators to confirm that potential retrace, or mostly price action at this point?

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TRu/tran62·20h

Interesting take on SI. Do you have a stop in mind if 21.68 breaks, or would you expect a quick bounce back if it's a false break?

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