Bitcoin, GOLD, and SLV Rose Sharply From Israel-Hamas WarCommodities 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 orange circle). The Israel-Hamas conflict started on Saturday, and on Monday SLV started its uptrend.
Key Price Levels:
The light blue trend line is acting as short-term resistance that is suppressing SLV's price, but the longer term target is the red trend line if SLV can continue to climb higher. The yellow trend line is a key support level to monitor for a bounce if SLV drops back down.
Slvlong
SLV ETF is screaming with a BUY signalSilver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
$SLV Elliott Wave BeginnerStill sticking with my original EW counting.
Not sure if the corrective waves is done yet.
It can possibly go down to 15 before it hits TP1 because silver and gold tends to dramatically decrease during recession.
Still in the long run $SLV might have a lot of potential to go higher than ath.
SLV - Time To Load The BoatWhat a superb pattern.
Since 2020 SLV proved to climb higher.
Then from 2021 we see a consolidation until September.
In November the pivot was already signaling a potential rise. And now in March we had the confirmation.
I think, after this pump in the market, it's time to load the Boat. A free fundamental sign we got as a Bonus is the inversion of the "curve".
See you later, have to load up ...
#loadthesilverboat
$SPY $SPX Market correction imminent. SPY to 338The GME saga has gone for too long. Jan. 29th saw Robinhood and co. go to desperate measures to prevent irreparable damage to the market.
- The puny market pump for Big Tech ER is almost over. Nothing can hold it up anymore.
- 70 billion has been lost by short institutions, and they are long positions to cover their short position
- The short interest remains over 130%, if the data is to be believed. It is possible that that it is in actuality much higher. Shareholders now own over 100% of the company's shares. The extend of fake shares existing for naked shorting is unknown.
- Silver is the next target on the chopping block for short squeezers. Major banks, direct arms of the Federal Reserve, are at risk of liquidation on their short positions.
- Prepare for volatile times.
Current Silver Squeeze (Jan.28 Idea):
SlV in the month of Oct and NovAMEX:SLV has been super volatile however I have noticed a trend with this precious metal. When it is priced at or higher than $23 it tends to turn down pretty rapidly and the same goes for pricing at 21.95 in the opposite direction. While it is hard to gauge the exact demand/supply of SLV and market conditions CCI shows clearly overbought and oversold conditions of during the break of these levels. This month there has been extremely high volume at 22.50 and this seems to be a great level to watch for pullbacks or rallies on silver. As it sits on this level awaiting more developing news on the dollar's performance and future in the coming weeks, I remain bullish on SLV. My target is 24.20 Before taking a position I would like to either see a pullback to touching or approaching it's supply zone at 21.95 or a valid break and retest of 22.69. Trailing stops is a viable option for this volatile choice.
SLV GapsAMEX:SLV As SLV works it way through its levels the best support and resistance could be a Fibonacci. It is important to note that throughout the summer as SLV had approached these levels leading up to the swing high it gapped up above all the levels except .382. I'm unsure why it has seen so many large jumps in price but it could be forming a double bottom at 20.51 and move back up next week to chase fills on some of these untouched areas.
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