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ISHARES SILVER TRUST ISHARESISHARES SILVER TRUST ISHARESISHARES SILVER TRUST ISHARES

ISHARES SILVER TRUST ISHARES

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SLV: Bullish Head and Shoulders and Piercing Line on the WeeklyThere is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend should continue). I will be getting the ITM Calls, expiring April 19th.
AMEX:SLVLong
by RizeSenpai
SLV - One More Leg Down to Complete Correction Looks like one more leg down could complete the correction from the last ATH. Potential Wave 3 projection indicates mid-40s. Be ready to pounce on any middle of the night crashes. These have turned out to be exceptional buying opportunities, every time. I had been using the iron condor strategy for quite a while now but something's got to give, especially with the miners, that can provide greater gains once silver comes into favor. Expect a silver mania to develop, just like bitcoin, AI, etc. Too much money always chasing better gains. Just hasn't hit the precious metals sector yet, but it will.
AMEX:SLVLong
by AssetDesign
1
Economic Uncertainty and the Allure of Physical Silver Silver has emerged as a resilient and attractive option for investors seeking refuge from economic uncertainties. As we delve into the intricate analysis of AMEX:SLV stock, it becomes apparent that the interplay between Treasury yields, the U.S. Dollar, and market sentiment is crucial in understanding the trajectory of silver prices. Treasury Yields and Dollar Dynamics: At the forefront of silver's market dance is the 10-year U.S. Treasury yield, currently standing at 4.141%. Traditionally, higher yields bolster the U.S. Dollar, making silver more expensive in other currencies. However, recent silver performance has introduced a potential shift in this correlation, challenging conventional wisdom and prompting investors to question the metal's future direction. Key Questions for Silver Traders: The upcoming week poses critical questions for silver traders. Will silver's recent divergence from gold persist, or was it merely a momentary event driven by attractively low silver prices? The tone set by the Federal Reserve, particularly if it adopts a hawkish stance, could prove pivotal, potentially causing silver to relinquish its recent gains. Silver's Response to Economic Data: Intriguingly, silver has displayed a unique response to last week's economic reports, deviating from the well-trodden path of gold. This nuanced behavior indicates a more complex market sentiment towards silver, emphasizing the need for investors to stay attuned to the metal's independent movements. Short-Term Outlook and Federal Reserve Impact: In the short term, traders should brace for potential fluctuations in silver prices. While the market may continue to favor silver, the upcoming Federal Reserve meeting and comments from Fed Chair Jerome Powell will be decisive. A hawkish stance could trigger a sell-off in silver, undoing the gains from the previous week. Investing in Physical Silver: Against the backdrop of economic uncertainty, some investors find solace in owning physical silver, be it in the form of coins, bars, or bullion. Despite risks such as theft and storage, the convenience of online purchases from reputable dealers like APMEX or JM Bullion provides a viable option for those seeking tangible investments. Silver Stock Performance: With economic uncertainties lingering in 2024, silver prices have climbed back near 2023 highs, currently quoting at $22.90 per ounce, reflecting a 0.12% surge. The interest in silver and precious metals tends to rise in turbulent financial conditions or elevated inflation, prompting investors to evaluate whether current silver price levels present a buying opportunity or are poised for a pullback. Technical Outlook: The technical analysis of Silver Trust Ishares reveals positive investor sentiment, with prices reacting positively after breaking an inverse head and shoulders formation. A decisive break above $21.25 will signal further positivity, while a break on the opposite side may be a strong negative signal. The stock has already broken through resistance at $20.50, predicting a potential further rise. Conclusion: As investors navigate the complex terrain of silver investments in 2024, the confluence of Treasury yields, the U.S. Dollar dynamics, and Federal Reserve actions will shape the trajectory of silver prices. The metal's unique response to market dynamics and its resilience in the face of economic uncertainties make silver an intriguing option for those looking to diversify portfolios and hedge against inflation risks. However, the cautionary notes on physical silver ownership and the vigilance required in monitoring short-term fluctuations emphasize the need for a well-informed and strategic approach to silver investments in the current financial landscape.
AMEX:SLV
by DEXWireNews
SILVER Stock Chart Fibonacci Analysis 012024Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 21.2/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:SLV
by fibonacci6180
SLV needs to make a decision on where it will go SLV on the weekly chart is in a symmetrical triangle and is at the end of it; therefore, there is not a lot of free space for silver to coil at this level. It is almost certain silver will make a big move and pretty soon. I am more towards the bear side of the breakout because last week silver did break out of the triangle, gold did make a new all-time high, but both of them returned to their triangles, and both show huge weakness behaving at these levels. That indicates there is no more power for a strong pump above the resistance level. The picture is very clear. Bulls need to break out of the triangle and start pumping towards the all-time high; otherwise, if the break occurs downward, there is a huge chance we could see silver at a single-digit number.
AMEX:SLV
by Consistent_Trades
$SLV Inverse Head & Shoulders Pattern ### Technical Analysis Overview: Silver SLV ETF - Inverse Head and Shoulders Pattern Investors and traders focusing on technical analysis are currently observing a significant development in the Silver SLV ETF stock chart. The chart exhibits an inverse head and shoulders pattern, a formation that is often indicative of a potential bullish reversal in the market. #### Understanding the Inverse Head and Shoulders Pattern The inverse head and shoulders pattern is recognized as a reliable reversal pattern in technical analysis, typically occurring at the end of a downtrend. The pattern comprises three troughs: 1. **The Left Shoulder**: The first trough, representing an initial low point. 2. **The Head**: A deeper low, forming the middle trough. 3. **The Right Shoulder**: A subsequent shallower low, forming the final trough. This formation is considered 'inverse' because it is the opposite of the traditional head and shoulders pattern, which is typically seen at the end of an uptrend. #### Implications for the Silver SLV ETF In the case of the Silver SLV ETF, the completion of this inverse head and shoulders pattern suggests a possible change in the overall trend from bearish to bullish. The key moment in confirming this pattern is a break above the trend line that connects the highs of the formation - often referred to as the 'neckline'. #### Critical Observations for Confirmation - **Break above the Neckline**: For the pattern to be confirmed, the price of the Silver SLV ETF needs to break above the down-sloping trend line connecting the peaks of the pattern. This breakout is typically accompanied by an increase in trading volume, lending further credibility to the pattern's validity. - **Sustained Momentum Post-Breakout**: After the breakout, it is crucial to observe whether the price can maintain its upward momentum or if it reverts below the neckline, which could invalidate the bullish signal. - **Target Projections**: Upon confirmation, the inverse head and shoulders pattern allows for price target projections. The height of the head from the neckline can be applied above the neckline to estimate a potential upward move. #### Considerations for Investors For investors and traders who rely on technical analysis, the inverse head and shoulders pattern on the Silver SLV ETF chart provides a framework for making decisions. A confirmed breakout above the neckline could be interpreted as a buying signal, while caution is advised if the pattern fails to confirm. It's important to note that while technical patterns like the inverse head and shoulders can provide insights, they should be considered alongside other technical indicators and market fundamentals to form a comprehensive investment strategy.
AMEX:SLVLong
by AlgoTradeAlert
Bitcoin, GOLD, and SLV Rose Sharply From Israel-Hamas WarCommodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. SLV had a bullish bounce off the yellow trend line on Friday October 6 (marked by the orange circle). The Israel-Hamas conflict started on Saturday, and on Monday SLV started its uptrend. Key Price Levels: The light blue trend line is acting as short-term resistance that is suppressing SLV's price, but the longer term target is the red trend line if SLV can continue to climb higher. The yellow trend line is a key support level to monitor for a bounce if SLV drops back down.
AMEX:SLV
by realchartchamp
Will silver shine again? As in gold, possibility for a new bull market in SLV is in the cards for coming 2024. The price structure* on weekly time-frame suggests there is a high chance that SLV, has found its bottom last year in Sep'22 and with higher low this year in Oct'23. As long as Oct low holds, I would expect the price to move toward next resistance zones: first 22 and later important 24-25 zone. Afterwards, if price builds a handle and breaks-out above 24 that would confirm the move to 27-30-32 resistance area. Overall, traditional fear-type assets look mid to long-term bullish to my eyes in coming months and years. Trading thesis : I need the price to confidently move above 50D MA, and create at least short base with several days/a week of consolidation around previous basing attempts (most recent being around 21) with later break-out above this pivot to consider longs. * Important caveat to EW: I use it solely to have a subjective idea about sentiment and overall structural context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
AMEX:SLVLong
by artemfedorov
$SLV Ascending Triangle Chart PatternsAMEX:SLV Bullish Ascending Triangle Chart Pattern. A "bullish triangle pattern" is a continuation pattern commonly observed in technical analysis. It is formed by converging trend lines that connect a series of higher lows and relatively equal highs. This pattern indicates a temporary consolidation phase within an ongoing uptrend, often followed by a resumption of the upward movement. Here's how it works: 1. **Construction:** A bullish triangle pattern is created by drawing a trend line connecting higher lows and a horizontal resistance line connecting relatively equal highs. 2. **Converging Trend Lines:** As time progresses, the price movements within the triangle become confined within the converging trend lines, forming a contracting triangular shape. 3. **Decreasing Volatility:** The range between the higher lows and lower highs gradually narrows, indicating decreasing volatility and potential indecision among traders. 4. **Bullish Bias:** The bullish nature of this pattern is due to the formation occurring within an established uptrend. It suggests that despite the consolidation, buyers are still active, preventing a significant downward movement. 5. **Breakout:** Eventually, the price will reach the apex of the triangle, where the trend lines intersect. A breakout occurs when the price moves decisively above the horizontal resistance line, confirming the pattern. 6. **Target:** The breakout is usually accompanied by an increase in trading volume, signifying renewed interest. Traders often use the height of the triangle at its widest point as a guide to estimate the potential price move after the breakout. It's important to note that while bullish triangle patterns can provide insights into potential price movements, they are not guaranteed to result in a specific outcome. False breakouts can occur, where the price initially moves beyond the resistance line but then reverses back into the triangle. To minimize risks, traders often wait for a confirmed breakout, consider using other technical indicators for confirmation, and implement proper risk management strategies.
AMEX:SLVLong
by AlgoTradeAlert
SLV watch $17.63 area to BUYWe're getting into a time window soon for metals in September. I already did a GLD idea and had an alert go off today as it's getting into my buy zone pretty soon. In SLV, however, it seems like it has a lot further to fall, but the same idea stands, it's a place to buy it I think for a longer term reversal up. I've seen metals in years past have some seasonality in the fourth quarter, and I do have dates in early September from my dowsing for the best time to buy them. I get the price consistently of $17.xx as the low, and specifically, 17.63. I don't expect to be exact, but it can be helpful and I need the practice! If we get SLV (and GLD for that matter) around target lows in early to mid September, I like them long and will update with the targets for the highs at that time. Peace.
AMEX:SLV
by JenRz