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SLV trade ideas

SLV Reverse Head and Shoulders BuildingGetting ready for a year end blast off, esepcially as Basel III regulations take effect by year end. This Reverse H&S pattern shows the possibility of 4 points higher. While I have been thinking that the big inflation play make take five years to play out and thus have been buying physicals more than paper, Basel III may stop some of the paper manipulations that have been going on for far too long. In the end, I'll keep working and adding on to my physical and paper positions until silver hits $50. It might not be too far in the future when looking at the spread between the physicals and paper. Silver Eagles are at a $10 premium over spot. There is demand going on but it's not reflected in SLV and XAU contracts.
AMEX:SLVLong
by Glewis54
3
SLV BUYSilver is starting to increase with gold. We are currently at the LPs of accumilation which means we get one small volume candle to the downside( Daily or weekly) and then it will jump. Keep in mind that inflation is rampant, alot6 of fears are being pushed. The idea here should be to focus directly o n what you see not what you believe. The sell off will come. its just a matter a time, but do not miss exits or profits sitting on the sell off. Very cautious for Jan of next year. Lets see how this plays out
AMEX:SLVLong
by BLKopalFX
SLV: Reaccumulation (Completing Phase C) /w Fundamental TailwindSLV is completing what I estimate to be Phase C of the re-accumulation cycle. Fundamentally, I think of two impacts on the horizon. We have more Fiscal "QE" - Biden's tax plan of injection another trillion or two into the economy. This would put pressure on the dollar and cause gold to rally along with its higher beta cousin (Silver). Alternatively, there is a potential for short term rise in silver from those trying to escape the negative effects of longer duration. They would likely move up the curve in Fixed Income (but there is still some possibility of being run over by the Fed from raising rates, or adjusting their dot plots up) or alternatively avoid the front end of FI by moving their assets into currency hedged products like commodities and precious metals. I think silver moves up and either breaks out of the channel soon, or continues to be trend bound. I think I will be playing this via short put and long stock combo.
AMEX:SLVLong
by quantitativetendies
Hi-Ho Silver!That pop higher today above $22 is pretty key (PURPLE resistance line, most significant). Looking for $23+ Understanding Support and Resistance Levels: Remember, the more informed and objective we can be with numbers, the more confident we can be with our trades. That’s important because, although price action is random (a fact that has been proven time and time again), there are repeatable patterns we can use to get an edge. Two of those objective data points we can use to gain an edge are support and resistance levels. These are two of the best tools we have when it comes to swing trading. Why? Because they give us strong data points that suggest where an instrument is likely (and unlikely) to go. But this is really key: Arbitrarily cataloging each price level that appears to be relevant as a support or resistance level isn’t going to get you far. That’s why Aspen Trading takes a unique approach to support and resistance levels. With Aspen’s Support & Resistance Levels, we measure where trades (prices) occur in terms of frequency. This gives us a sense of where market participants are wagering prices may go. That’s about as raw and unfiltered as you can get in terms of displaying what has taken place. There’s no room for interpretation - this is raw data that can be used to get a sense of where prices may be heading.
AMEX:SLVLong
by AspenTrading
SLV Hold Support at Fib LineSLV appears to be holding support at the .328 Fib retracement line. One theory says that after a .328 retracement, prices can be expected to rally to the .236 Fib line, @32. Another rally, similar to the last, could catapult prices to 38 or better. One long term spread I've been accumulating is the Jan 23 30-50 spread. Bought some more this morning for under $1. Should prices hold the illustrated channel o Jan 23, the minimum price would be 32. Under this scenario, the worst outcome would be a payout of 200 for a 100 bet. Long term for sure but seems that's what this precious metals game is all about, patience. Been buying more physicals here as well. Something has got to give soon. The Basil III regulations affecting how banks hold gold on their balance sheets is expected to generate large gains for gold. One commenter mentioned that the recent smack down in gold and silver was a regulator-supported move for entities that had unallocated positions to accumulate positions at bargain basement prices. I agree. It wasn't that long ago I was buying silver eagles for $15 or less. Then one day, it's up to $30, never again to see those lower prices. Those who are patient and persistent will win in the end. Also interesting to look at the stochastics. Starting to head up. Big cycle near at hand.
AMEX:SLVLong
by Glewis54
SLV1. R1 $21.90, R2 $22.50 2. S1 $20.85, S2 $19.50 SLV has accelerated its fall from $23.00 and the price is trying to break back above $22.00. Given the current overall market condition with SLV on a correction trend, for warriors wanting to catch the bounce, can enter at $20.90 with a take-profit target of $21.90, stop loss at $19.95 (a must have to DT). For conservative traders is advised to stay on the side-line to see if $19.50 can provide a good strong support for long-term entry.
AMEX:SLV
by sharonjing85