SLV trade ideas
SLV closing over 2016 August high of $19.71.On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are banking on gold and silver stocks!, Have a great day! Cheers!
SILVER - EASY DOUBLEAfter breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013.
From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021.
If you compare this back to 2009/2010...
2009: Silver went up 57%
2019: Silver went up 80%
And guess where a gap fill puts us?
$27, which is a 54% increase this year.
This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes.
I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.
Insanity move in Silver Multiple gap ups outside of the Bollinger Band, mixed with running through multiple longer term and intermediate term Fibonacci levels. Avg short entry at 21.40 looking for a short term top. Not looking to hold short long term, just a trade.
SLV LongFundamentals: Inflation hedge to record levels of global, central bank QE.
Technical Analysis: Bullish technical breakout of multi-year resistance.
Entry: $21:50 Target: $48
SLV - overbought?Perhaps but I have added a another potential target at 22.20 if things get real crazy!
SLV - Silver triangleWe have the same setup in SLV like in XAGUSD.
Same triangle. Same multi month trendline.
The question is will the banks allow the rally or they just create a false breakout.
Volume looks good in SLV.
$SLV 20$ as break out price for SeptemberFor big boys: if there is a new wave of virus and another lock down is enforced or another black swan event , we might see silver to all time highs.
SLV - up $1 after hoursSLV hit and closed at first resistance today. In the after hours it has hit my second resistance target. Starting to get a little parabolic here.
$SLV LONG Wait for the dip or even dont if you dont mind chancing the dip, either way long Silver here this will easily break this level of resistance and seek greener pastures. Watch this blow past the first target of 33 and head towards 50.
SLV and InflationGoing off of my previous chart on DXY, SLV showed multiple bounces off the 200MA before trading upwards in a channel, and just today breaking out with a huge bullish kicker. As the Fed may work to avoid rising inflation levels and reverse the price action of DXY, SLV ma look to fall back into its channel and fill the gap down.
Strong price trend in Daily Silver trendUnderstand Renko's? These only show PRICE moves...not over time.
Trend is clear.
I'll add a correlation and projected trendline.
Silver going parabolicSilver breaks $19 and reaches ATH in around 4 years, next resistance level @20.7
Silver still looks cheap especially compared to gold.
Strong Silver move SLV XAUUSD Remove "time" and look a price trends with Fibonacci ... see any patterns here?
I'll post 5-15 min moves also
Long term? Silver $20
$SLV SILVER LONG TERM VIEW ~5-10 years Elliot Wave Theory EWTconsidering how long the initial move down took, i'd think the last wave down before we complete the correction that began in 2011 may take just as long or longer? still think pivot at median line of channel and those fibs though.
