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SLV trade ideas

🚀 Last Shall Be FirstYou may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison. While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for roughly seven years. All of a sudden, in 2020, the price jumped over 150% from bottom to high. In the crypto world, you can see a similar pattern looking at Litecoin priced in BTC terms. The coin has never recovered from the 2018 bear market and remained firmly stuck into a steep downtrend. Finally, the market seems to have lighted up the spotlight on Litecoin, revamping the price action. As a note, while hundreds of cryptocurrencies are out there that could fall under the category of shitcoin , Litecoin is one of the oldest native blockchains, which has run efficiently and with no hack or problem since its inception. On top of that, the coin is widely available on almost every crypto platform or exchange, so it has one of the broadest user-base exposure among all cryptocurrencies. Is this a call to rush into buying Litecoin? Not necessarily. The main takes here are two. First, buying something that looks historically "cheap" may provide the best opportunities from a long-term perspective. Especially if what you are buying has proven over time to be solid and trustworthy. Second, you can also see Litecoin as a proxy of the risk appetite of the market. When every coin already skyrocketed in price, in some cases, without being backed by much more than a viral meme, it makes sense to allocate more capital to coins with higher upside potentials. On the other hand, dinosaurs-coins usually get traction in the latest stages of a bull market, which can strengthen the case for planning an exit strategy or taking some profit gradually.
AMEX:SLVLong
by Coinrule
$SLV - iH&S with continuationSLV has consolidated for a while in this bull flag. It seems the inflation data this week is helping it (and Gold) push higher. It did not work as an inflation trade last year but it looks like the next 12 months will be interesting. Even more interesting will be when it breaks through the resistance and climbs higher. In the 70's silver out paced Gold significantly during the higher inflation times. I am watching and adding this and gold to clients portfolio for the next 12+ months. This is for information purposes only. It is not a recommendation to buy or sell.
AMEX:SLV
by UnknownUnicorn16739272
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