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SLV

SILVER EXPLOSION !! I've had an affinity to silver for many years. For last batch of years, I've been watching and waiting for any real sustained interest in it wanting to stay above $17.12 on the SLV chart... This last thrust is convincing. I marked a zone of $17.12 - $17.80 for great time to load up for what could be the biggest SILVER EXPLOSION in our lifetime. Many factors here, but I'll point out the double bottom on monthly chart, with MACD divergence. We saw volume really pick up in 2019. Also, the RSI is at resistance, which once broken can see swift massive gains. As you can see from the indicators during the last bubble, the bulk of the silver move happened when they were overbought. Lastly, trading altcoins has been and will be a nice prep to navigate this SILVER EXPLOSION. Ill add a few more supporting charts soon, like the rising wedge in the gold/silver ratio, and the bullish possibility in gold too. Much like bitcoin, don't lose your position in the shakeouts along the way, just to buy back in FOMO areas. UIOGD - JMJ Travis
AMEX:SLVLong
by Procinctu
Silver to $21 on April? Begin wave 3 of 5?Silver has been regaining strong momentum I attempted to label the waves as best as I could Estimating we are in wave 3 of 5. On the Daily chart: Momentum pushing above Keltner Channels 10/20 EMA cross Positive PSAR RSI has crossed above 60 Using Fibonacci extension tool on wave 5 Pulling from Dec 7th as the start of wave 1 to $18.80 end of wave 1 and then pulled to $17.45 as end of wave 2 I am estimating a target at $21.20 at the 161.8% extension Not shown but I might try to later but I am experimenting with Fib Time Extensions and Fib Channels giving me a date target of April 15th From $21.20 I think wave 4 will retrace 38.2% to $19.60 in a ranging behavior
TVC:SILVERLong
by KondrackiKarl
1
SLV - Fib Target ProjectionsReviewing Fib ratios shows expectations for coming moves. SLV retraced it's last up move right to the 50% level. Having found support here, one would expect it to rally to the -.23 fib at 17.63. If SLV corrects 50% from there, it can be expected to fall to 16.97. Support there would indicate another move to the -.23 fib at 17.94. Beyond these targets, there is nothing constraining price to stop at these levels. Price can continue beyond depending on strength/weakness. With the added interest rising up in the precious metals sector, the likelihood of prices reacting to Fibonacci levels increases as many computer algos use them for action points.
AMEX:SLVLong
by Glewis54
SLV - Progress ReportSLV has completed a five wave up move. As my overall price objective for the main move is at least 19.58, it's my assumption that this was just a larger wave 1. A wave 2 may have already completed with a .382% retracement. There do appear to be 3 waves signifying a corrective wave. Or a larger A-B-C correction might take price down to the 50% fib level of 16.33. I had previously bought Jan 2020 15-17 call spreads and on the rally, sold off the 15 calls, leaving me short the 17s. One more week is left until January expiration. These short calls closed at 0.13 indicating that the market expects SLV to rise to 17.13 next week. Strong relationships have been noted with stocks rallying and silver and bonds falling, and vice versa. Could be that stocks have completed a major five wave move up and may begin a corrective wave. IF the correlations continue to hold, one can expect strength in precious metals and bonds.
AMEX:SLVLong
by Glewis54
2