SLV trade ideas
Super-Cycle - You Are Here!Looking at the Monthly Chart for SLV - my count has SLV currently moving up in WAVE 3. The volume coming into SLV at the base of this wave structure is extremely BULLISH!
Silver seems to peak in the summer - predicting a WAVE 3 top summer 2021. WAVE 5 top with new all time highs in the shiny summer 2022.
Look at that bounce SLVRight off the 200ma on daily. Made a parallel trend line off the pivot low.
Harmonic is a tiny bit of a stretch but close enough for government work.
Got Metals?
$SLV #SILVER on supportSilver $SLV bounced off the strong support and so the miners, perhaps it is good entry point for long term #SILVER bull market.
$SLV be on alert we may be where we were last year at this time.$SLV maybe about to repeat what we did last year. Last year when $SLV broke both the 50 MA and 200 MA we went down another 31%. Also, look at the volume (low at both points)!
Rolling: SLV April 16th 26 Short Call to May 21st 25... for a .41/contract credit.
Notes: With only .11 worth of extrinsic left in the April 16th 26, rolled the short call down to the May 21st 25 for a .41/contract credit. Cost basis in the diagonal now at 8.08 with a 24.08 break even and a current max profit potential of .92/contract on a nine wide (10.2% ROC at max, which assumes a finish above the short call strike).
I love silver to protect me from inflationI am sure that inflation will rise in the coming months. Too much money is injected by central banks and few opportunities to intervene on rates.
Buying tangible assets seems to have become an investor's refrain. Ray Dalio also insists on this aspect.
Youtube Ray Dalio interview on Bloomberg : www.youtube.com
I thought for a long time about which real asset to address and in the end I chose silver because I prefer it to gold.
Silver has many industrial uses and could be significantly underestimated at the moment.
It is not only a haven asset, it is also a real commodity, but there is more.
Banks will try to keep inflation low without intervening on rates. But banks own gold and not silver, so they can't sell silver.
This is why I chose it to protect myself from inflation.
I would say that technically it is also not bad. It is on nice support that seems very solid.
SLV to continue bullish momentumSLV looks like it'll keep respecting this trendline, expect continued momentum.
Potential SLV Long [Target: $40]Long if SLV price breaks the neckline and tests the $27 resistance as a support.
**Not financial advice, do your own research**
SLV long callsAdding long calls to SLV to complement my GLD position. Expecting decent moves throughout the year for both.
Silver getting ready for a bullish rideSilver (SLV ETF shown here) seems to be near the completion of its consolidation the resuming of its rise.
SLV Confluence around $22.50The 200 SMA dynamic support lines up with the middle of the pitchfork and demand zone. Very high probability trade setup IMO.
Buy $SLV because money printer go BRRRI read a stat somewhere that the US is printing the equivalent of 20 WW2s per day.
I know the financial system is a completely different landscape with the introduction of the FIAT-based currency compared to the gold standard, but inflation will not go unnoticed in the next months and even years. I've been long SLV since $12 and I am still long. I believe SLV has the potential to reach an ATH
#SLV If it doesn’t come back from here the next level would be at 22.2 which is the the 200 MA and the 0.78 of #Fib retracement
Silver gap fill then bullish uptrendI believe we are going to gap down to fill the gap then start trending up to retest resistance levels.
Silver looks good assuming the trendline holds Despite the recent sell-off in the commodities space due to yields , particularly metals, silver still presents a nice setup. It's safe to assume that the rise in yields caused a shock in the markets due to the pace of its rise, rather then magnitude.
Inflation expectations are rising along side yields, leading me to believe that real rates are still in negative territory. I do expect yields to pullback here because the bond market is oversold at multidecade levels. A pullback in yields, along side a stimulus package and wobbly dollar can be a a nice stage for this market to build some steam. Sentiment is bad which means some weaker hands have been washed out and additional capital can renter the trade to chase the momentum higher. Keep in mind however, a break of the lower trendline would lead to a deeper correction and longer consolidation.
$SLV maybe ready for takeoff$SLV has three chart signals that may be signaling a strong upward move!
1. Triple bottom
2. Cup and Handle formation
3. Fib 61.8 retracement
$SLV to break resistance soonLoaded up on silver. Undervalued and its tickling resistance for the longest. Its bound to break.
