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SLV trade ideas

SLV - The Absurdity of PriceJust remember how ridiculous prices of gold and silver are. There is no relation between supply and demand as some notes on PM dealers' websites show. Don't let them take the PMs away from you by scaring you with fiat numbers that are soooo meaningless. NOTE: Due to extreme order volumes, please expect shipping delays of 5-10+ business days. We also have a temporary $299 order min. NOTE: Due to extreme order volumes, please expect a shipping delay of up to 3 business days. NOTE: Due to extreme order volumes, please expect shipping delays of 5-10+ business days. We also have a temporary $299 order min.
AMEX:SLVLong
by Glewis54
2
If SPX looked like SLVImagine what the world would look like if SPX and SLV correlated as they did until around 2011? SPX would be at 1,400 instead of having risen to 3,400. Those of us who have been involved with precious metals know what PAIN is. I remember a few years back, I heard Mike Maloney or some other metals commentator say that when markets normalize, one will be able to buy a decent sized house for 1,000 ounces of silver. That thought has always been in the back of my mind. And now, as the Fed "bazookas" the economy with a new round of even greater QE, and markets continue to deteriorate, I wonder if that time is at hand. Up to now, the stock market's fall is a mere garden variety "correction" having not even hit a 50% retracement. It is beginning to expose the big sham that the debt-driven economy has been. Fixing debt problems with even more debt is just not sustainable. Kudos to Peter Schiff who has been calling the situation so precisely for years now. While things don't always play out in the timeline that we hope for, some things are just inevitable. What will the world look like if stocks correct as silver has done? Will the chart flip flop with precious metals reaching unimaginable highs? Again, those prices are only in dollar terms. When thinking of precious metals, it's best to always relate your holdings in ounces or other weight metrics instead of in dollar terms. That really defeats the whole underlying principle of buying precious metals. The dollar is merely smoke and mirrors.
AMEX:SLV
by Glewis54
SLV - Impulse Scenario ToastSLV took out the top of wave 1 so prospects for a possible bull run in silver is gone. Back to the drawing board for an analysis. Deflation is in the cards but more central bank liquidity could trigger inflation and a surge in the precious metals. Still holding my LEAP positions through Jan 22. They serve as forward hedges. In the meantime, I continue to be buying the physicals regularly. As I look around at the investment spectrum, I am hard pressed to find anything that I want to invest in. Stocks are toast, especially companies that have lots of debt. Bonds are to the moon and while they still may rise further, it is all debt and not worthy of serious investment. Have lots of cash as well as I hadn't really bought in to this market move since 2008 but cash scares me as well as we could quickly devolve into Venezuela. Where can one go? Only one place in my mind.
AMEX:SLV
by Glewis54
SLV - Critical Resistance - BuyingSLV is bumping up against critical resistance in the lower part of the flag pattern. Last week's fall put it back in an area where it typically gaps up to get through. I expect the same for this move. Silver has run along with gold but at a much slower rate. Gold was up a little over 2% today and silver just over 1%. The gold silver ratio is at its highest level ever. This will normalize as time goes by and the metals bull market becomes more mature. I am adding SLV right here anticipating the breakout understanding that a test of the bottom of the flag could still happen. Volume picking up nicely.
AMEX:SLVLong
by BobbySpa
SLV - Shaken . . . Not StirredWhere did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter the market, everything goes down, but yesterday was a bit over the top, as were moves in many key companies across the board. As the dust settles, it's clear to see that SPX retraced 50% of it's recent move, DJI retraced .618% and Silver retraced a bit beyond 50% but thus far has not exceed .618 that could indicate a trend change. It's also important to note that yesterday's big move down still did not violate the top of Wave 1. In Elliott Wave rules, Wave 4 cannot violate Wave 1. Holding support here gives clues that SLV will rebound to the -.23 Fib level or 19.60. I held my nose and bought more physicals yesterday, as many of you also did. Also added to the equity positions of First Majestic Silver and Wheaton Precious Metals. Would like to pick up more RGLD if weakness continues. What are your favorite silver stocks?
AMEX:SLVLong
by Glewis54
4
SLV - This is What I've Been Waiting ForStocks crashing, silver crashing, gold crashing, everything crashing. I always knew that when the s**t hit the fan, margin calls would result in everything getting liquidated. That includes silver and gold. And here it is. Many of us who believe in precious metals understand that one day, there would be a wash out and it might be more than just a 20% correction down, it would be a total melt down of the fiat currency system. What would the world look like when trillions upon trillions of dollars of debt gets defaulted on? Are we at that point now? Does the Federal Reserve take any action? And if they do, will it matter? That would be the real shocker, if the Fed cut rates dramatically, as some are expecting, but it did not phase the market. Until now, stock market players (notice I don't call them "investors") have been conditioned to expect the Fed to come in to save the markets. Why have they not stepped in yet? Is the game over? I feel a sense of excitement deep down inside. I have a really good, secure job but am now at retirement age. I've always said that I'm not going to retire until I see the big reset when all of the debt is defaulted on, the government debt turns to junk, what will the world look like then? I don't think that I would want to not have a job as my social security, retirement savings and other fiat-based assets turn to dust. I have not bought into the stock market since 2008 as the core problems have not been fixed. I am heavy in cash and precious metals. But now I am adding some stock positions as I see yields exceeding 6%. Thinking of buying BHP today having bought XOM and others recently. But I also want to bulk up on the silver position both in physicals and here in the paper contract. It's still a long term proposition but if the reset does occur in the months to come, one might expect real physical assets to become scarce or more controlled as we are seeing in Germany. Don't let the negative moves in silver and gold scare you. It is merely a reflection of margin call liquidations that sweep across assets. In reality, the true value of real hard assets, real money, may soon become apparent to everyone.
AMEX:SLVLong
by Glewis54
3
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
AMEX:SLVLong
by Procinctu
Pirate adventure continues OR end of all adventures?Been a while mates! Hope y'all doing well! As my followers know, I've been targeting the X (SLV to hit 25) for nearly a year now. A couple weeks ago, it almost seemed like winds were starting to take us in that direction action. However, we have now been given a powerful warning shot with the deep red candles, synchronized with the 3 day stock market collapse. I have cut back on my silver positions. The adventure could still continue... However... if gold and silver collapse along with the stock market, then all market adventures could come to a grinding halt, and we need to be prepared for this possibility. It would mean the worst thing possible... Era of deflation.
AMEX:SLV
by supere
1
iShares Silver Trust Pulls Back to Old ResistanceThe coronavirus selloff has hammered almost every corner of the market, aside from precious metals. Most attention has focused on gold and gold miners . But silver has also been on the move. Each share of iShares Silver Trust controls one ounce of the white metal. It jumped above recent resistance in the $17 - $17.20 area last week, only to pull back and test the same price zone today. That level can now be useful for risk management. The longer-term chart of silver is extremely volatile, although one thing is clear: It's historically inexpensive relative to gold. TradeStation data shows that the gold/silver ratio is now around 90 times, near the high of the century. Generally, silver lags gold early in the cycle and then outperforms as investors pile into precious metals. Will that older pattern return? Finally, traders may want to remember why gold just hit new 52-week highs. The cause is not only risk aversion but also low interest rates from global central banks. That was true before the outbreak and now coronavirus only adds to the situation.
AMEX:SLVLong
by TradeStation
SLV - Fib Target ProjectionsReviewing Fib ratios shows expectations for coming moves. SLV retraced it's last up move right to the 50% level. Having found support here, one would expect it to rally to the -.23 fib at 17.63. If SLV corrects 50% from there, it can be expected to fall to 16.97. Support there would indicate another move to the -.23 fib at 17.94. Beyond these targets, there is nothing constraining price to stop at these levels. Price can continue beyond depending on strength/weakness. With the added interest rising up in the precious metals sector, the likelihood of prices reacting to Fibonacci levels increases as many computer algos use them for action points.
AMEX:SLVLong
by Glewis54