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SLV trade ideas

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
AMEX:SLVLong
by TradingMavericks
SLV Building a Launching Pad to Mid-30sThe SLV monthly line chart shows what an excellent base being formed. Looks like a textbook corrective wave coming to completion. Had pegged 35 as my target for Jan 2021 LEAP calls. Still holding 20s and 25s. Have been building out 30-50 June 2022 spreads when I can get for 1.25 or so. Think that one has to continue to play the long game, especially in the paper market. In the physicals, premium is still pretty high compared to our previous comfort levels. Perhaps that is reflecting the true price. I continue to add to the physical position. Silver continues to be pretty much the only asset that hasn't performed well. That just won't last forever.
AMEX:SLVLong
by Glewis54
[Watch] SLVI have not posted much lately because I am busy trading. I have been focusing on bigger picture, daily & weekly charts as those have less noise. But it is remarkable considering the moves in commodities, that gold & silver remain in consolidation. I think this is a significant opportunity. However, these are highly manipulated markets so always be careful. I'm not personally in SLV or any silver stocks. I have physical silver and I prefer to see dips to buy more. But I doubt these prices last. Technically, I think this weekly chart is showing that sellers are drying up. If interested in going long, look for: 1) Drops on low or decelerating volume 2) Quick drops to a major support level Consider PSLV as a better vehicle.
AMEX:SLVLong
by tangman
Silver (SLV) relative to S&P 500 (SPY) could be a falling wedgeThis maybe a falling wedge between silver and stocks - SLV/SPY Not paying too much attention to exactly lines drawn but does look like it. If this is true and it breaks out of the wedge upward that likely is an environment of either 1. stocks are weaker and silver stays flat 2. stocks goes but silver goes us much much more Market is still not kind to Silver (or Gold for that matter - a bit ok for Platinum). So would not necessarily jump on this but would be interesting to observe. More interested in price but if you look at fundamentals - increase demand for electronics and therefore conductive silver - increase demand for "clean energy" will drive demand for silver Although stock market is very messy or no clear trends in the short-term, the bigger trend seems to be still bullish. And with more business opening up, it's not hard to imagine further improvement. Above 0.06 in this ratio could be good risk/reward in favor of Silver. We will see.
AMEX:SLVLong
by swoozshies
Silver possible runup watch out - the GOOD and the BADThe GOOD: We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading". We have a triangle-up pattern on going. Price already did most of the correction to the side for some time. We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below. Price already been at a price of 48, so it is not complete fiction. The BAD: It's silver... and thus it might move very slow up. In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up. Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up. If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
AMEX:SLV
by ZoharCho
19