SLV trade ideas
SIV SILVER Daily Trends and Resistance/Support Levels CONFIRMEDNice confirmations 1hr & Daily trends on SLV for Support/Resistance levels.
Renko trends show $150 by EOY
BUY the pull backs, average in on holdings thru 2021
SLV longI had this chart for about 3 days, it's held that silver line well and turning it into support. This is almost mirroring the trend back in 2011. Silver I can see above $30 in a couple weeks. Need to get past that yellow line which is major resistance which it got rejected on prior a while back.
SLV Silver Trends with Gold RatioWhich trend can you follow "Daily"
Price sometimes moves independently from 'time'.
Look at trends and mark those in "Renko" bricks.
Then use your candle charts to trade interday moves knowing the TREND!
Watch the Gold/Silver ratio
TRADING GUIDE use DAILY trends to plan buy/sell orders...
GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL
Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold (this was the trend...)
Gold-Silver Ratio Uptrend Gold and Silver in Downtrend Sell Silver (this may not happen in 2020?)
Gold-Silver Ratio Downtrend Gold and Silver in Uptrend Buy Silver (we are here ...usually)
Gold-Silver Ratio Downtrend Gold and Silver in Downtrend Sell Gold (add to positions if a short "pullback")
SLV adhering to Fib levels, strongAs we can see on the 4 hour Fib SLV is playing nicely with it's expected levels. There's a gap to fill to 26.48 so as long as the metal keeps moving up, expect SLV to fill the gap relatively quickly and then move onward to the higher levels we've recently seen, and beyond. (see link for other chart)
As for the sharp drop we had last Tuesday and it's near V recovery, this is a VERY CLEAR indication this was price manipulation to cover shorts by the big banks who are losing control of silver's price. Look at how quickly silver recovered from that drop. We're at the point to where the attempts to largely control the price is getting weaker and weaker due to the many factors driving silver up. Staying strong, not conceding/selling the dips, but rather seeing these dips as a gift of a buying opportunity is how I'm playing this, and it has paid off nicely.
To see resistance levels above $26.48 please see link to chart published on Aug 5th as well as my last analysis on Aug 11th which provided guidance on support levels for the last dip which SLV consequently bounced from.
Silver lags but moves SLVSLV
Silver always seems log lag Gold moves (After Berkshire moves 20.9M shares in GOLD).
Strong buy moves and trends show Henkin bars now above Kumo on the Ichimoku Cloud.
Long positions will see strength and small 5-10% pullbacks over time.
I see a target for Spot Silver above $30 for September. $50 for end of 2020 and $70 for 2021.
SLV 4HR ChartSilver bounced from 4HR EMA and is currently sitting on AVWAP and cloud support. Needs to break above AVWAP and supply zone. Looking for an entry at the golden pocket targeting ATH. 4HR RSI: 52. Stoch RSI: Bullish divergence.
24.52 1k shares with a stop loss at 23also added some weekly calls, imo if dxy drops under 93 again this runs 5 dollars next week-2, gl
SLV - 7 weeks of higher lowsZooming out on the weekly SLV seeing 7 weeks of higher lows along with seven weeks of higher volume. As long as we close out today with a higher ow, we're looking good into next week. These minor pullbacks or not only bullish and necessary, they are gifts.
SLV CoilingAfter a big run up, SLV looks to be cooling off by showing us chopping sideways action. This is also forming a bull flag. As long as economic indicators remain, and silver continues to get mainstream attention to a slv:gld ratio deficit, then $29-$30 should be the next target. Neutral while this plays out. Long after an upside breakout.
SLV Silver Trust Believe we are in a 4th wave correction. Expecting this to continue to correct for a lower low in this move ~23.1
This Is A BULL TRAP AT $25 Looking For A 20% Drop Title says it all - looking for the GAP TO FILL at $18 or so before the rocket takes off to $40 plus #stocks #SLV #Silver
Silver SLV Clear sideways consolidationNo moves until new or Markets post big declines.
Good Tranes for selling IC's or Credit Spreadts
-Sell Put Spreadfs at dips and sell call spreads on peaks
Watch for BIG moves up with any bad news or down market days. No rush to get in till after 9am market moves settle.
If you have access try futures on /SILU0 and /MGCZ0 as good buys at bottoms.
Hedge with SPX
good trades!
CCI Divergence and Liquidation VolumeGLD and TLT led ETF redemptions in the previous 7 days indicating a shift away from defensive sentiment. SLV played catch up in July-Aug, ripping to 27.39.
Among the price/volume family of indicators, CCI showed the most dramatic price divergence. CCI cooled down from 401 to 124.90 while price rose 25% in the same time frame.
Using anchored VWAP from July 16th, prior to the face ripping rally, we can see that the average holder from that point in time is in the money, and the VWAP is behaving like support. From last week's blowoff top, Anchored VWAP is behaving as resistance.
This week 's price channel is almost double in volume vs last week. This is a hands off moment to spectate the consolidation for rally participants who cleared their positions in the money recently. I am looking for a bigger pullback, otherwise I would rather trade other asset classes.
Pullbacks are normal.... SLV Still strongXAGUSD SLV
Still a great time to add and average...
Long and slow growth will have short swift climbs then long slow sideways consolidations.
$30 by Oct. 2020
$45 2021
$90 2022
$200 2024
SLV bounce from 23!Here we can see the MACD beginning to turnover. After SLV, as well as GLD, tanked this week, it found support on the line marked in the chart. As long as it doesn't break through that line of support I think we'll see some upward movement in SLV
