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SLV trade ideas

Is silver about to turn bullish?Good afternoon traders, Been quite some time, my workload is year round, however it's quite seasonal. I'm finally coming off and find myself with some time to do some charting. Silver is one of my long term holds, it's at historical imbalances with gold, and once again, expected to out perform gold in 2019, take that with a grain of salt because as we all know, metals aren't the cool investment on the block these past years. Let's dive in. Bullish Key Points: 1) Silver is currently sitting underneath the 21 Weekly EMA, the first test will be to clear this hurdle and start trading between the 21 and 50 EMA. 2) The 21 and 50 EMA have crossed on the daily chart, last time this has happened was June 8th and silver rallied almost 6%. 3) If silver can break the 21 weekly EMA, then it has another immediate test @ 14.00. Beyond this, we have the local downtrend channel dating back to August 2016 @ 14.50. 4) Silver currently has the most upside of all the metals, and with the current market economy, could potentially realize significant gains in the next couple of months. Bearish Key Points: 1) Let's be honest, this is a highly manipulated market. If the powers that be deem it's not going anywhere, well it just won't. 2) Weekly EMA test. Silver has not traded above the 21 EMA since June, if it can't find steam in the current market conditions, I'm not sure what else it will take to get it moving. 3) It has major tests ahead. In addition to the weekly EMA we also have two major tests within 6% of the current price. Positions: 1) I currently hold spot silver ETF, as well as multiple future long calls. As always, if you appreciate my content please hit the "Like" button, and consider following. Thanks for reading!
AMEX:SLV
by ant187
7
SLV - Long Term Buy and HoldI have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, extreme statements in news articles, extreme positioning, and capitulation by the perma-bulls often mark the beginning of a bottom. Why I have chose silver is due to the Gold/Silver ratio now being towards the top of a century long extreme. Let me re-iterate that PM's could continue to bottom for the next few months and correct even deeper but as a long term buy-and-hold strategy, any future price drops will offer opportunities to average down. My time horizon for this trade could be 5-10 years or longer. Once price does rebound and begins rallying, owning the stock outright will give me an opportunity to sell covered calls against it and begin generating consistent returns and lower my cost basis even further.
AMEX:SLVLong
by krugman87
1
Silver wheel tradeSelling three cash secured puts in SLV with 59 D.T.E. for .22 each with the idea of possibly ending up with a 10 lot. I would like to have a covered strangle position in silver. I want to reduce basis to take the shares or be assigned, then write more puts on decent drops and always have some short calls against the shares. Implied volatility rank is only 27% but never gets that high for P.M. and I had to go out further in time to get the premium I felt decent. I like the call skew for commodities and the less correlated aspect to the stock market.
AMEX:SLVLong
by dluxe23
SLV Shares Silver Trust, Down before up? Lets see!Keeping it simple! If you have checked my other charts please do, as they are mostly all playing out so far. SLV is not the best stock for silver, as AG is a much better "silver investment" , but Ill go through this one real fast. Looking for a fail in the wedge, because we never get what we want, (silver boom). Pull back to targeted areas. I've also labeled a short term bounce to watch for, to top of wedge. We have sell signals on the daily, with no currant buy signals. (Could result in no small bounce, straight to my target area. We have our bolly band getting tight, and wedge coming to the end. There is also no momentum change in selloffs just yet. The wedge rolls into new years, which would be a perfect storm for it to make a huge dip to lower supports before rising into the new years. (prepping for a bigger crash then) There is also the Ichimoku turning bearish. These are all on the very important daily. Another huge note is the WEEKLY squeeze, Im assuming it will fire short, to complete my graph. Ill be selling my SLV on the next bounce, and will stay out, to relocate into a better silver investment such as AG or just buying silver raw, as over time this stock has proven to be failed compared to many other commodities. Be sure to check out my other graphs, and FOLLOW with a LIKE! :) as if you did you would have saved a nice % in doing so. Not legal advice of course! Happy trading, debating and speculating! I want everyone to win!
AMEX:SLVShort
by ToddGreen
Silver/Gold Triple Three Pattern? HelpSpent a silly amount of time on this. Every Combo pattern seemed off until I came across this one. Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one. There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put my finger on it. I'm reaching far out on this one so it could easily get invalidated, but it corresponds nicely to what I was originally thinking would play out in Gold/Silver over the next year. It took me a very long time before I realized that we might only be half-way through this corrective period, and this is the only structure that fits given that we only have half the price action to speculate off of. Just throwing a stray metals post out into the ether of bitcoin posts. This is the link to the idea: www.google.com
AMEX:SLV
by RHTrading
4