SLV 4HR TopAMEX:SLV has an ugly topping pattern that looks similar to a head and shoulders top. I would expect a follow through day tomorrow with the possibility of a big drop off.
SLV
#Silver Will Quickly Surge To $50 By EOY:#Silver and #Gold will begin their next leg up in the near future.
There's a possibility that this is that last time you'll be able to buy silver below $30 an Ounce!
I'm making this more as a warning because FOMO sucks..
Metals may only go up and sideways during our lifetimes...
Silver and Gold are used as conductive components for computer chips, and manufactures are constantly buying for production...
Global Semiconductor Industry had massive year over year growth (11%) and this will continue to creates further demand for these metals potentially causing prices to rocket, amongst many other reasons..
DYOR, NFA , Comment Below With Any Questions About This Idea, Follow For More!
Silver Bullish Ascending Triangle target is $37Large weekly Bullish ascending triangle on Silver. The breakout level is $29. It will quickly move to $37 thereafter.
GOLD - Analysis based on past movementsIt looks like Gold is repeating a pattern that it did back in 2011.
In this video, I talked about the bullish and bearish scenarios for gold.
Accumulating momentum for SLV stock, you can buy nowHello traders, here is a medium-term price range prediction for SLV. It is not easy to understand and you can clearly see the momentum for the stock. I believe you can buy now and sell 1-4 weeks later for some profit. Hope to see you with my next predictions!
Take care, stay safe
XLB vs SPYMaterials sector vs SPY. Metals and mining starting to look a lot better. Ive been holding FCX for months. Also have some positions in silver. Will continue to watch.
Why wouldn't SLV go up?Investing in $SLV just makes sense.
The technicals look incredible and primed for a breakout to $30+ with the possibility for a new ATH.
Get your inflation hedge set. The dollar will crumble and shiny things will rise.
For a chill trading room, join the link in my bio.
SLV : RESET / POSITION TRADESLV: Breakout Potential
SUMMARY :
The iShares Silver Trust ETF is trading under pressure and the instrument has lost more than 17% of its value since August 10th, 2020.
However, irrational exuberance in stock markets, a negative unemployment trend in the U.S., and an alarming surge in U.S. money supply could help SLV to break above prior highs.
As a potential breakout trigger, we will be watching the $24 level because we think that a sustained bullish move here could extend into a much wider rally into 2021.
SOURCE: Dec. 15, 2020 3:13 PM ET / iShares Silver Trust ETF (SLV)
seekingalpha.com
SLV LongiShares Silver Trust is in uptrend with the slight pullbacks, in my opinion $45+ for a long term is what you're looking at for.
Closing (IRA): SLV January/June 16/25 Long Call Diagonal... for an 8.50/contract debit.
Notes: I'm not all that confident that this stays above 25, so taking profit here. My cost basis was 7.76/contract (See Post Below), so .74 ($74) profit per contract here on a 9 wide (8.22% ROC).
#gold met the upper channel, and broke I take @ #GDX #GDXJ #AG #wpm
#fsm
MINERS LOOK GREAT!!!
time to rock & roll
SILVER the HUGE POTENTIAL 🚀The commodities market is BOOMING!
Yes, I know Crypto is all of the rage right now but it is important to have a hedge in your investment portfolio.
Currently, Silver has created a bullish structure that is on the verge of breaking out and testing old highs from many years ago. The silver market is heavily shorted and is on the verge of doing something spectacular.
New wave count for Barrick Gold...I think it's a ABC wave structure. And sometimes if the downturn is bad enough wave C can extend so the $8.36 can't be rule out. Thanks for the view
SLV Long Term Breaking OutSLV looks like it is about to go much higher on a long term chart. The rounded curve of the chart makes me extremely bullish. I will be buying Jan 2023 $28 call options around $3.60 come Monday 5/9. I am choosing to buy long dated options because I want to give this plenty of time to play out. I am thinking 10x on this trade given enough time. Once the SLV price reaches high of $45 I will be taking some profit and letting the rest ride!
$SLV GETTING HOT! Video breakdown on $SLV
Metals are running and we could could see a legitimate breakout here, and we have strong volume, high demand, and a daily break of resistance. Watching this for to 25.50 or a gap fill tomorrow
good trading!
Rolling (IRA): SLV May 21st 25 Short Call to June 18th 25... for a .32/contract credit.
Notes: A continuation of a long call diagonal with the back month at the 16 out in January. (See Post Below). Rolling a smidge early here in advance of vacation. Cost basis in the diagonal now 8.08 - .32 or 7.76/contract with a resulting break even of the long call strike (16) plus 7.76 or 23.76.
Is Silver completing a cup and handle formation?Looks like silver is finishing his cup and handle formation soon, a quick bounce up should be imminent as soon as price breaks out of the handle.
