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SLV

Everything Update 11.20.20Taking a look at the weekly progress of multiple correlated markets and updated price targets: Bitcoin, Gold, Silver, USD, S&P500 Bitcoin Excluding the March mayhem deviation in price, weeks ago there were hints of a parabolic trend starting to develop. The breakout of a macro downtrend and weekly candle close above it was the buy signal. Using macro fibonacci extensions I'm still anticipating a relentless squeeze with occasional dips to the longer term target of about $33,700, and will be watching for volume to start trending up. US Dollar Weeks ago it appeared a consolidation pattern was forming and momentum was to the downside. I am still projecting one more leg down followed by a swift rebound up to the 200 week E M A. Eventually rolling back over to the longer term target below. Gold Not much changed with gold this week. Looks like a base is still building at the previous all time high levels. Using macro fibonacci extensions, the intermediate term target is still $2300ish. Next buy signal for Gold is a break out of the downtrend with the daily MACD above zero. Silver Weeks ago a consolidation pattern was forming. Now that pattern has been validated and a breakout is imminent. Target $35ish. Using the macro fibonacci extensions the longer term target looks to be around $58 or even $86. SandP 500 Lots of speculation of a crash here. My thoughts are that reality lies somewhere in the middle and money will flow into the SandP stocks that have not fully recovered yet. I'm looking to buy short term dips, especially near the grey bars where heavy volume came in previously. If the dollar continues it's descent into the abyss then the SandP, along with all the aforementioned markets, will surely go up, up, and away. Trading is risky. Don't do it and don't listen to me. Long Crypto: BTC, ETH Gold: MGCG21, PHYS, GDX, other mining stocks Silver: SLV, CEF Other Equities: Oil/Gas stocks, TCEHY, BABA, and others
BITSTAMP:BTCUSDLong
by ryan-snk
Silver $SLV offering a 10 percent ROI with some Patience: YAWN?$SLV makes a nice long, on silver futures. The gain is not tremendous, but it seems "safe" (A word I loathe using, but will). With Au trending up, Ag should match it after it finishes this bottom out -- It's down 0.5% pre-market and may fall a full percentage point, at which entrance can be considered. This won't knock the socks off a thing - but who flicks boogers at actual gains? Not this trader. LUCK, BS, and whatever else, BDR
AMEX:SLVLong
by BDRTrigger33
Silver and longer term fib levelsSilver seems to have excellent growth potential in the next couple of years. This is a look at longer term fib support and resistance levels of silver. The fib levels on the right - more recent - part of the chart show retrace from April 2011 - Mar 2020. The .382 level was broken through as resistance, but has not gone down again to retest of .382 level as support yet. My thought is that this level .382 (around $20) will be retested and confirm support before doing a longer bull run. (Of course, it could fail as support as well, and good to keep in mind all possibilities, although, that seems less likely to me.) We have already tested 0.5 level as support. If this fails, we're looking at retesting the .382. Buying around the .382 level as is in my definition a strong buy for short term or long term. Long term due to the effects of inflation from all the efforts to rescue the economy. But there is chance that it could retest the .618 as resistance first prior to going lower again. If this scenario happens, then it would be a short term sell. I am bullish on silver on the longer term and I am looking for opportunities to long. Keep in mind all possibilities of what can happen. *** This is not a recommendation to buy or to sell. Please do your own research to make your own trading or investing decisions. You should not use others' ideas as the basis of trading/investing decisions. ***
TVC:SILVERLong
by cedarfox
SlV in the month of Oct and NovAMEX:SLV has been super volatile however I have noticed a trend with this precious metal. When it is priced at or higher than $23 it tends to turn down pretty rapidly and the same goes for pricing at 21.95 in the opposite direction. While it is hard to gauge the exact demand/supply of SLV and market conditions CCI shows clearly overbought and oversold conditions of during the break of these levels. This month there has been extremely high volume at 22.50 and this seems to be a great level to watch for pullbacks or rallies on silver. As it sits on this level awaiting more developing news on the dollar's performance and future in the coming weeks, I remain bullish on SLV. My target is 24.20 Before taking a position I would like to either see a pullback to touching or approaching it's supply zone at 21.95 or a valid break and retest of 22.69. Trailing stops is a viable option for this volatile choice.
AMEX:SLVLong
by crawfordpaul
Gold and the next leg upGold looks like it's about to make a new leg higher but will it also drop 5-7% first? The dollar and gold tend to create very distinctive price cycles if you know how to look for them. Renko helps to see these price cycles and time seems irrelevant to them. I am seeing a cycle low in the works now but I'm not sure if it's complete yet. I will venture to say it's going to drop down into the 1700's before the next leg up but I'm not sure if we'll get that lucky. See my forecast on GDX (gold miners) and how this analysis could agree with that one. Smart money likes to flush the boys out so I am just expecting a wild ride here soon.
FX:XAUUSD
by gghsusa
THE WEEK AHEAD: DKNG, BYND, LYFT EARNINGS; XOP, GDXJ, SLV, QQQEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: WKHS (18/146/38.8%),* Monday, before market open. PLUG (32/100/25.6%), Monday, before market open. DKNG (32/89/23.6%), Friday, before market open. CGC (39/132/23.5%), Monday, before market open. BYND (32/77/18.9%), Monday, after market close. LYFT (16/71/18.0%), Tuesday after market close. Pictured here is a BYND December 18th 130/200 short strangle that was paying 7.95 at the mid price as of Friday close, with the short legs camped out at the 18 delta. This yields at or greater than two times expected move break evens and a delta/theta metric of -.58/23.86. Alternative Defined Risk Setup: BYND December 18th 125/130/200/205 iron condor, paying 1.59 at the mid price as of Friday close with break evens at the expected move on the put side/greater than 2 x the expected on the call and delta/theta metrics of .96/2.45. Unfortunately, WKHS, PLUG, and CGC all announce on Monday before the open, so any play would've been best put on before the end of Friday's session, although they could still be playable after they make their earnings announcement move. LYFT: Short straddle or iron fly. DKNH: Short strangle or iron condor. EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: XOP (14/53/14.1%) USO (9/57/13.4%) GDXJ (16/47/12.9%) SLV (38/50/12.7%) GDX (16/39/10.9%) EWZ (17/41/10.7%) XLE (25/41/10.6%) BROAD MARKET RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: QQQ (25/30/7.2%) IWM (24/29/7.2%) SPY (19/24/6.0%) EFA (21/21/5.3%) IRA DIVIDEND EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: SLV (38/50/12.7%)** EWZ (17/41/10.7%) XLE (25/41/10.6%) KRE (22/39/10.5%) * -- The first metric is the implied volatility rank or percentile (i.e., where 30-day implied volatility is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility as of Friday close; and the third, what the December at-the-money short straddle is paying as a percentage of stock price. ** -- Neither SLV nor GLD pay a dividend.
NASDAQ:BYND
by NaughtyPines
3
Silver 40 Year Cup and HandleThe disconnect between physical and paper markets is considerable. The paper markets represent $5T whereas there is a $20B market for physical silver. If the price of silver were based off the total market, silver's price value would be roughly $5000/oz. Not saying silver is going there but this is decades of manipulation and curving demand from the physical market to paper all while buying up the physical silver for themselves. There is definitely an extreme undervaluation here and once the leveraged naked shorts get wiped out, silver will moon.
COMEX:SI1!Long
by Three-Bull-Insight
#SLV Almost Ready for the Continuation#SLV Setting up a bullish pennant on weekly and daily time frames. High volume run ups are usually followed by a period of consolidation before a continuation/reversal. Once silver breaks above the upper trendline and clears 23.55, SLV should start its move to $30+ by the end of the year. This is just the start for silver and gold and if it isn't a part of your portfolio yet, I'd strongly consider it. Do your own due diligence as always.
AMEX:SLVLong
by Three-Bull-Insight
Short-term bounce on DXYThanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high. There are 5 sub-waves evident in each of the three down portions and none of the EW guidelines, tendencies, retracements, extensions, or rules are broken for an impulse move (i.e. wave 2 tends to be deeper and reached a 50% retracement, wave 4 is normally a shallower more correction and hit the 0.382 retracement level almost exactly). Long story short, this an impulse move that meets all normal characteristics, so I am charting out what that could mean for price if it continues to follow stereotypical EW tendencies - a 3 wave correction. Overall, I see the relative valuation of the USD vs the DXY currency basket as heading downwards as in my, possibly overly pessimistic view, the USD loses both it's safe-haven and global reserve status. However, my bearish view is primarily based on the chart. I will post a longer-term chart next. Remember all fiat currencies are losing value over time, some are just losing value more quickly. I hope everyone who hasn't already considered a physical precious metals position (no not a gold or silver ETF position Millenials) will do so, even just as a hedge. Some major hedge funds have positions sizes of around 10% of assets in gold - maybe they know a thing or two. Actually, I will permit myself a digression here. You cannot ask for physical delivery from a precious metals ETF unless you have a significant position and I would think that in the event of a bullion / monetary crisis that option may no longer be available. So any gains are just paper gains. The Custodian of the world's largest gold ETF was in the news last week as one of the major banks involved in the suspicious activity report (SAR) scandal (while they were already on probation for previous wrong-doing) - which I expect to result in major litigation and fines. But wait, that is not all! They just popped up in my news feed again today as an alleged facilitator of transactions between Huawei and US sanctioned Iran. Wow, they seem like a really safe, super ethically sound bunch to hold gold on my behalf :P Imagine if they are being similarly ethically sound and forthcoming about the level of their physical gold holdings versus their issued gold ETF shares - well if it was ever discovered that these two things were divergent, not only would gold ETF holders miss out on the massive price appreciation of physical gold that results, but you may also not be able to withdraw ETF funds. Ok, rant over. But seriously, if you do buy gold or silver to hedge against currency deflation / coming inflation, consider secure, reputable, insured non-bank vaults that give you images of your allocated holdings that is in a safe, politically stable, bullion friendly jurisdiction - like bullionstar.com and not a bullion ETF. Ok, I feel better now. Another really good reason I am following the DXY as strengthening of the USD will mean a pull-back and possible good buy zone for precious metals - which I see as going higher after correcting recently for no good fundamental reason. A bounce in the USD is allowing me to load up on silver which is again worth more than 80:1 (by weight) vs gold. I hope all that made sense. Protect those funds and good luck.
TVC:DXY
by flyinkiwi10
SLV Monthly channel and Election year seasonality SLV price pattern resembles year 2012 election year more it looks like. All SLV seasonality regardless of election, Recent 5 years 2015-2019: Oct/Nov/Dec 0.8/-5.1/2.3 Recent 7 years 2013-2019: Oct/Nov/Dec 0.0/-5.5/1.5 Recent 10 years 2010-2019: Oct/Nov/Dec 2.2/-2.6/-0.5 Recent 2 previous election years 2016: Oct/Nov/Dec -6.8/-7.7/-3.5 2012 Oct/Nov/Dec -6.6/3.2/-9.2 Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:SLV
by hanzhao311