Elliot Wave Theory Suggests a Pullback Will HappenI know the election and FOMC trumps technical analysis but I wanted to put this chart out. Please critique the chart and let me know what you think
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About ISHARES SILVER TRUST
Expense ratio
0.50%
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Inception date
Apr 21, 2006
SLV gives investors direct exposure to silver by physically holding the metal in vaults in London. As such, investors get exposure to spot silver (determined by the London Silver Fix), less fund expenses. As this fund is considered a collectible for tax purposes, taxes on long-term gains are quite steep. Still, SLV provides stability for buy-and-hold strategies.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
SLV eyes on $29.48: first/best of 3 possible supports for longsThis is in conjunction with my big picture Silver chart (click).
SLV has had a significant pullback that may be done.
Ended last week dancing on a pretty serious support.
Ideally this is bottom, or should at least bounce a bit.
$ 29.37 - 29.48 is the immediate and best support
$ 28.83 - 28.89 is
SILVER LONGAccumulating calls as long as we are under 30.25. $32 Target, on the macro it looks like we are hunting $37 area at some point.
SLV - Finally Catching Up With GoldPrecious metals continue to rocket higher and even as Central Banks around the world flock to gold and lighten up on US Dollar exposure, lagging far behind is silver that is still quite a ways from its all time high close to 50. Reverse head and shoulders formations show some possible targets in th
"SILVER" COULD BE THE NEXT GOLD!!!Hello everyone, I hope you are all doing well. Previously, I had shared my analysis on the price rise of gold. In case you missed it, I would like to share some new opportunities with you. The chart indicates a very bullish trend with 1 leg, 2 legs, and a positive RSI and MACD in monthly and yearly
Are you watching Silver?AMEX:SLV bullish chart.
OBV holding at highs.
Couple days consolidation in this area and above $28.50 ish gives this a better look.
#sliver should be on your radar.
Is Silver in the middle of a extended Wave (5)?What Is a Wave 5 Extension?
When both Wave 1 and Wave 3 have moved in a fairly standard fashion, traders often expect Wave 5 to be where we see the extension. Wave 5 extensions in commodities occur when the final leg of a price movement stretches out longer than anticipated. These tend to happen be
SLV , 100% retracement done and now 1.618 coming Silver has good fundamentals and technicals , it's a good hedge as well
Long SLV - 30 Minute Propulsion Dots w/ SqeezePropulsion dots (in pink) forming below the candles on SLV, with a 30 minute squeeze waiting to fire long. Look for the momentum histogram bars to turn up for an early indication on price movement upwards.
SLV Siver - Bullish Trend Shift Finally?Hello everyone! As always I hope you're all having a great start to your week. Update on Silver in 5 minutes or less:
Pattern is very similar to BTC where we've been seeing a series of LOWER HIGHs followed by LOWER LOWs, however there's a possibility that we're seeing the beginning of a trend chang
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Displays a symbol's price movements over previous years to identify recurring trends.