Long SLV - Risk/Reward Ratio 2.5Long SLV - Risk/Reward Ratio 2.5
Scale in as price falls as long as support isn't broken.
SLV trade ideas
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.
Silver ETF and PhysicalRecent analysis shows that the SLV ETF and physical Silver are approaching support lows. The red box indicates the accumulation zone for the asset.
Once there consider buys between the .886 fib and the .941 Fib. One could also consider a three month short or put at this price.
One can also go long, oncein the accumulation zone with either buying SLV, Leaps with SLV for 1 year and or buying the physical.
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.
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!
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
SLV Yearly Vwap $15.7Targeting $SLV to the Yearly VWAP at $15.7 with September $15 Call Options. If VWAP holds, the top of the triangle at $16 should be reached.
OPENING: SLV AUG/SEPT 15.5/13 CALL DIAGONAL... for a 1.89/contract debit.
Metrics:
Max Loss on Setup: $189/contract
Max Profit on Setup: $61/contract
Break Even: 14.89 versus 14.93 spot
Debit Paid/Spread Width Ratio: 75.6%
Notes: Taking a directional shot on SLV weakness here. Will look to take profit at 20% of what I put the trade on for ... .
SLV, Daily, BullishA day late, but I am bullish on SLV (Silver). The triangle pattern is well established.
Williams is the only indicator suggesting oversold conditions right now.
Setting stop loss near yesterday's low makes this a low risk opportunity.
Silver Explosion | SLV for the long termWith crypto and stocks, many overlook that boring shiny thing that used to be the basis for sound money.
Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i digress).
But for now, I wanted to draw your attention to some things to note for silver. In this SLV chart, you can see a bollinger band squeeze never seen before since SLV was created. You can see prior movements when the bollinger bands got anywhere near this close...
Also, there is a years long trend line on RSI.. and another trendline to notice on MACD.
I can't be sure, but just considering mining costs, the price of silver can only go so low.
Also, there is threat of inflation (as well as deflation) and there have long been publications about global dwindling supply of silver and COMEX rigging with JP Morgan and HSBC and a whole bunch of games with the paper price of silver while the real physical metal is acquired...on and on...
Anyway, be on a lookout for silver to finally spring after being coiled for so long.
SLV - Sidewards tradingHey guys!
As u can see in graph, we are in sidewards trend since several month.
I marked u Support and reistance area, in graph and RSI.
We can use this to do sidewards scalping, generating nice shortterm gains.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Upcoming silver breakout!When silver breaks up above the downtrend line, I think a very nice trade is setup
Silver pop ahead?Silver's trend is forming a symmetrical triangle and may be gradually swinging upwards. Given intense market volatility, an upward breakout seems more likely.
SILVER forming up to go on a tearMarket cycle is about to restart, consolidation and accumulation has been consistent for several months now and it looks ready to burst out of this wedge soon. Lets look for more volume but this could be a great relatively safe play
SLV too soon to lock the profitafter pullback of the trade price will advance up a lot
because the price will be at the lovest point of the rang
there is a visible triangle, but unfortunatly I move the stop loss into the zone and was kiked out.
OPENING: SLV JULY 20TH 16 SHORT/OCT 19TH 13 LONG PUT DIAGONAL... for an .79/contract credit.
Taking a directional shot here on silver weakness. In essence, it's a synthetic covered call with the short put aspect of the setup around the 70 delta. The long put is thrown in to bring in buying power effect over the naked for those that are working in a cash secured environment. On margin, you won't be saving much in buying power by buying the long ... .
Will look to take profit on just the short aspect at 50% max and look to reuse the long if another bullish assumption setup presents itself between now and October ... .
Silver - Price in Bottom of Range of the SLV, Is It Going Up?Silver - still a good entry point as the last couple days, and moving up from the bottom of its range.
There is a whole, whole lot going on in the silver (and gold) story, but that's another article. For now I'd like to point out some action on the SLV 's chart.
Silver has been bouncing in a tight range for much of 2018. Buying in the low $15's and selling on the way up has worked for a lot of this year. Betting against silver has worked too, but because of the accumulation of physical silver by several large entities and for other reasons, I don't believe price will stay this low much longer.
Silver is being pushed lower by a stronger dollar, rising yields, and a host of other factors including competition with cryptocurrencies as a place for capital to go. But sentiment is rising for silver as a standby that, put bluntly, isn't gold and isn't subject to gold's issues; in addition to being recognized as a safe asset that has strong potential for appreciation as other things - markets, stocks, bonds, cryptos, presidents, deals, etc. - decide what they want to do.
In the interest of simply disseminating a good entry point in the SLV and saving a more in-depth article for later this week, I'll cut this short and just point out the action in SLV's price - indicators and patterns alike are pointing to upward movement out of the bottom of the range.
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Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
