$SLV - always flirting with the gapI have tracked this ticker for a long time.
At some point I do hope it makes a move to fill the gap. I will pick up around $18.60 if it fills the bottom gap, left on the daily.
Until then... I watch
0JKC trade ideas
Long | SLV | SWING TradeAMEX:SLV
Possible Scenario: LONG
Evidence: Price Action, Inverted hammer candlestick, money-flow
TP1: 22.5$
TP1: 23$
when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ
Call options 17th Sep, Strike 24$
*This is my idea and could be wrong 100%.
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.
Silver decline done yet?too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.
Perfect Head and Shoulders?Seems like SLV may be bearish and this looks like a perfect entry at the retest of the neckline. Thoughts?
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.
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.
SLV reversal UP imminentWow, did this thing crash!
Anyway, I'm getting to buy the 21.65ish level and look for a quick turnaround. Futures tagged the 1.618 target to the downside. I'm not sure if this will be a snapback rally and will reverse back down, but it should be a pretty ez trade on the long side and I will just scale out.
This is based on my dowsing and intuitive methods, FYI.
SLV starts to break down based on weekly chartSLV chart has been concentrating in the Diamond top on a weekly chart. Today it looks like it broke down. could go to 16-17 range. This is not a trading advise.
SLV up from 786I've been watching silver futures and not impressed with what it's been doing until I saw it nail the big 786 retracement this morning. I've observed the 786's as a critical level that's often respected. At least on the first test. It's lifting from there and I like it for a good bounce with a suggestion this may be a longer move up.
SLV - Triangle Corrective WAVEMy count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer.
See chart for general price and wave predictions. Waiting for confirmation that Wave C is done.
Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail interest in physical silver may be skewing this metric.
If the C wave continues down a little then reverses - still bullish for SLV longer term and potentially a bullish ABC correction. If Wave C down breaks below $21.xx will revaluate bull case.
Note: $COPX has been turning up here as well. Bullish!
No active trades = Neutral
Not financial advice.
SLV vs SPY Silver vs SPYTo me, it looks like a swing failure low. As long as it holds above that previous low, could be bullish for silver.
Bull flag, wedge breakout imminent I love this pattern and I think its just a matter of time for SLV. Looking cheap right now sitting at support, I'm getting some farther out calls to be safe (like December), but I'm thinking it should have a run in the next couple months.
SLV LongSimilar situation as with GLD, silver is still accumulating and might go a little deeper. Good for holding long-term.
90% BUY / 100% HOLD
Estimated PO $45
29/6 - Sector rotation - Silver / SLV ETF29/6 - Sector rotation - Silver / SLV ETF could rebound soon after a recent pullback and equity market peak.
SilverThis is my view about silver for the upcoming sessions. The price should bounce back from that trend line and go higher.
SLV 4HR TopAMEX:SLV has an ugly topping pattern that looks similar to a head and shoulders top. I would expect a follow through day tomorrow with the possibility of a big drop off.
