SLV _BewareNot yet breaking out. Downward trend still intact. Bought a bunch of cheap October puts just in case. PM rallies hardly ever last.
SLV trade ideas
SLV - Time To Load The BoatWhat a superb pattern.
Since 2020 SLV proved to climb higher.
Then from 2021 we see a consolidation until September.
In November the pivot was already signaling a potential rise. And now in March we had the confirmation.
I think, after this pump in the market, it's time to load the Boat. A free fundamental sign we got as a Bonus is the inversion of the "curve".
See you later, have to load up ...
#loadthesilverboat
SLV Breakout ConfirmationAs always, the sharp silver breakout was quickly sold. Support appears to have emerged however at the top boundary of the downward channel. While the constraint of the sideway channel shows upside potential only to 27, seeing how Nickel broke the LME exchange shows what can happen. Notice though that the nickel longs were not able to profit as the exchange shut it all down. Just goes to show that even if you are right, you can never win.
SLV - WeeklySix up weeks on increasing volume followed by 1 down week on light volume. Held breakout resistance. Indicators looking up. Hi Ho Silver Away! Not trading advice.
SLV - anybody's guess?Mine is up! Critical spot here! Indicators still looking good on longer time frames.
LONG SLV (iShares Silver Trust) - very bullish!AMEX:SLV price action is showing a strong bullish flag on the monthly time-frame. Due to the macroeconomic environment, very high inflation rates, and high gold:silver ratio, I am expecting the SLV price to break the bullish flag on the upwards side. If this happens, we can look at the following levels for taking profit:
Take profit level 1: $22.35
Take profit level 2: $24.48
Take profit level 3: $26.44
Take profit level 4: $27.80
Take profit level 5: $31.08
Take profit level 6: $33.00
Those levels were drawn in accordance to various resistance levels.
Good luck,
Your Ganbu
⚠️ Let me know your feedback and comments below!
⚠️ Follow me if you would like to see more analysis like this
Silver Bull Flag PatternLooking like a good time to load up and hold for a year or two to see a possible test of all time highs
make or break area for SLV 🔔slv is trying to break trend and local resistance areas, target is 25.55-27.49 if breakout holds. if its a fake out breakout then expect a move back to 20.33.
like and follow for more! ❤
$SLV - Breaking outSilver is now following Gold's lead and breaking out. Much more room for both to run.
Silver OutlookSilver is looking very good right now. On the monthly time frame rsi looks very good. It is bouncing on 50 and staying above. This shows a lot of strength. Also we are in an are of support from previous resistance. We are also in the zone where most patterns gain support. In this case we have a W pattern that reached its first target. The .382 retracement. We would then expect a pull back into an area of support. (this is happening) Now we are seeing a buyers fighting the sellers once we have a clear indication that the buyers will win we will look to join them. The next target we have would be 36. This is the second target of the .618 retracement. We will likely see resistance in this area as well.
$SLV - Breakout next. Great risk/rewardSLV has a strong chance of following behind what GLD just did. Breaking out in the next few days/weeks. Make sure your stops are smart since these markets move very fast. However, I do not see how this does not continue.
$SLV - SilverSilver has also been consolidating for a long while and the risk return here is beautiful. Silver will only be used more and more over the next decade. I like the alternative uses for silver whereas gold is not as versatile. Silver is much more volatile though.
This is not a recommendation to buy or sell. It is for informational purposes only.
Silver long in celebration of $30T nat debt, Jan 2024 $18 callQE ∞ will be the best gift of 2022
☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺
silver is coiled for a move either way, of course I have a biasSilver is waiting for the next catalyst. much debate is happening on wether we are facing inflation or risk of deflation next. its hard to say in the short term, as seen in the current directionless trend of silver.
Over the long run, money printing sill be needed to stimulate the economy and dilute the us debt.
In the short run, a decline in asset prices from profit taking or inflation fears can shrink metals demand.
The bull market case would be if Electric Vehicle spike higher and pull up industrial metal demand, which is unlikely given the expected higher rates and declines in auto loan applications.
SLV - Safe to re-enter the fraySLV weekly chart showing a prominent double bottom with the Sept low and Dec retest holding nicely. With the long term trend line lending support, it appears safe to renter the slippery silver paper waters once again.
SLV will likely try to play catch-up to COPX (also shown) which has gained +20% since Dec 20th. I doubt SLV will post those high % gains but a 10% pop seems highly doable by months end or early Feb.
Weekly RSI and Stoch are trending upwards with plenty room to run from here. In the shorter time frames (4 hour chart - not shown) the RSI and Stoch appear over-bought on SLV and with 4 up days in row including a gap up today - will look for an entry price on a modest pull back/gap fill into Friday of this week.
Max pain sitting at $21 this Friday
maximum-pain.com
Not financial advice.
Bullish on the iShares Silver. SLV Indeed. WXY on the greater B there, then pivot, now a probable B. No definites in analyzing any market. Ever.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SILVER WILL BE MORE VOLATILE THAN GOLD ON THIS ROUTE BUT CHEAPERSILVER may be an option to put into your portfolio amidst the upcoming "recession " or "crash" or "correction" whatever you call it. It would be twice the movement of Gold but definitely cheaper to buy than Gold. It has much potential for movement and could give 2-3x return to risk.
The market is giving warning signs for future volatility and added fear. The overall market could gain significant upside before a sell-off. It's not yet time to run but just get ready to add to your safe havens.
SLV BREAKOUT OR LAST RALLY BEFORE DEFLATIONI am taking a position in short gold and silver today as I see the last wave of the inflationary cycle coming to an end as well as oil could still see 88/92 but with the fed looking to reduce inflation in this next cycle . sp and qqq are still in the 1987 crash pattern we have 5 more black days to come
