Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
Some basic analysis reveals that Silver is flagging on the 3 Months chart looking for a big breakout. Collect Grandmas silverware and sell at the highs
We know they have been playing games. I personally would buy physical and stand back from PAPER Silver. Can the silver gorillas return with strength?? NOT FINANCIAL ADVICE!!!
I'm Bullish Gold and Silver! I expect a rise on the VIX followed by downward manipulation of the VIX until election time, expect a lot of volatility, when the VIX and Gold and Silver break out expect a much needed stock market correction!
A no brainer buy low, sell high. Is Silver ever going to zero? No GLD has had a BIG breakout and SLV has not followed through (yet) the 100/200 sma on monthly support this trade and if your time horizon is long enough, I believe this position goes back up to the supply zone.
This a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a...
There is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend...
Looks like one more leg down could complete the correction from the last ATH. Potential Wave 3 projection indicates mid-40s. Be ready to pounce on any middle of the night crashes. These have turned out to be exceptional buying opportunities, every time. I had been using the iron condor strategy for quite a while now but something's got to give, especially...
Silver has emerged as a resilient and attractive option for investors seeking refuge from economic uncertainties. As we delve into the intricate analysis of AMEX:SLV stock, it becomes apparent that the interplay between Treasury yields, the U.S. Dollar, and market sentiment is crucial in understanding the trajectory of silver prices. Treasury Yields and Dollar...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 21.2/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
Silver is close to Support & Getting Ready to Bounce! * 7 red candles in a row * Volume is dropping on the way down * Hammer candle is being formed. Let's see how it closes today * CCI positive Divergence * Wide Distance between the lines in RSI * Wide Distance between K&D in Stochastic * Close to a lower BB Band I am buying now, and will add more at $20.40...
SLV on the weekly chart is in a symmetrical triangle and is at the end of it; therefore, there is not a lot of free space for silver to coil at this level. It is almost certain silver will make a big move and pretty soon. I am more towards the bear side of the breakout because last week silver did break out of the triangle, gold did make a new all-time high, but...
It's been a great trade so far, same senario for the miners. Lock in half - move up the stops
I know this monthly chart is a bit tough to see the detail, but if you look at the daily SLV chart you will find an inverse H&S which is breaking out. The measured move on the daily IH&S actually takes us through the breakout of the Weekly Inverse H&S that I'm showing on this monthly chart. Get yer pop-corn ready...
### Technical Analysis Overview: Silver SLV ETF - Inverse Head and Shoulders Pattern Investors and traders focusing on technical analysis are currently observing a significant development in the Silver SLV ETF stock chart. The chart exhibits an inverse head and shoulders pattern, a formation that is often indicative of a potential bullish reversal in the...
Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. SLV had a bullish bounce off the yellow trend line on Friday October 6 (marked by the...
As in gold, possibility for a new bull market in SLV is in the cards for coming 2024. The price structure* on weekly time-frame suggests there is a high chance that SLV, has found its bottom last year in Sep'22 and with higher low this year in Oct'23. As long as Oct low holds, I would expect the price to move toward next resistance zones: first 22 and...
SLV is looking very attractive at these levels. It has entered my first gap fill starter position area. I'm starting to add here. RSI & COT are both looking favorable for a swing up from here.