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SLV

Silver upside target at 27.70Recently, there was a lot of hype on precious metals, and Silver outshone Gold (finally!), particularly over the last week or two. This who are in positioned find themselves wondering when this parabola will end. And I’ve been asked one too many times for a projected expectation. While I do not have a crystal ball (at all), price target is calculated to be at 27.70 , (with a possible intraday extension to 28) for the immediate target in this current parabolic run. Likely to reach this target around 3-5 August, if not a bit earlier. Momentum is very bullish at this point, with “all systems go at full speed ahead”, even on a longer term.
COMEX:SI1!
by Auguraltrader
THE WEEK AHEAD: AMD, BA EARNINGS; GDXJ, XOP, SLV PREMIUM SELLINGEARNINGS: -- PROBABLY PLAYING: AMD (38/71/15.4%) announces on Tuesday after market close. BA (25/71/15.1%) announces Wednesday before market open. Pictured here is an AMD August 21st delta neutral 60/85 short strangle paying 2.93 as of Friday close. The BA August 21st 150/210 was paying 7.23 at the mid. Naturally, strikes may need adjustment running into earnings, depending on how prices move in the early part of the week. If of a defined risk bent, look to sell iron condors with break evens wide of the expected move* and that pay greater than one-third the width of the wings. Examples: AMD August 21st 57.5/62.5/80/85, paying 1.99 (a little more aggressive delta-wise than I would usually go, but you've got 5-wides to deal with on the call side, at least as of the writing of this post); BA August 21st 140/150/200/210, paying 3.30 (but prices showing wide in the off hours). -- WATCHING FOR POTENTIAL RAMP-UP IN IMPLIED: EBAY (40/46), Tuesday after market close. SBXUX (22/28), Tuesday after market close. QCOM (27/46), Wednesday after market close. PYPL (43/52), Wednesday after market close. FB (37/46), Wednesday after market close. AAPL (24/39), Thursday after market close. GOOG (36/38), Thursday after market close. XOP (27/43), Frida before market open. EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SCREENED FOR 30-DAY IMPLIED >35%/AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE: SLV (43/54/14.3%) XLE (27/42/12.5%) GDXJ (21/56/16.2%) EWZ (21/48/13.4%) GDX (18/43/12.8%) XOP (14/54/15.8% GDXJ, XOP, and SLV appear to paying the most relative to stock price. BROAD MARKET ORDERED BY RANK AND SCREENED FOR AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE: IWM, SPY, QQQ, and EFA are all paying <10% of the stock price. IRA DIVIDEND-PAYERS SCREENED FOR 30-DAY IMPLIED >35%/AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE: EWZ (21/48/13.4%) * -- Expected move is generally 85% of what the short straddle price is paying. For example, the BA July 31st 175 short straddle was paying 13.15 as of Friday close. 85% of that is 11.18, so options are pricing in a +/- $11.18 move through Friday's expiry which would's BA's expected move between 162.58 and 184.94.
NASDAQ:AMD
by NaughtyPines
3
SILVER - EASY DOUBLEAfter breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013. From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021. If you compare this back to 2009/2010... 2009: Silver went up 57% 2019: Silver went up 80% And guess where a gap fill puts us? $27, which is a 54% increase this year. This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes. I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.
AMEX:SLVLong
by MWCarter
4
$DXY and Inflation$DXY, the U.S. Dollar Currency Index has been steadily declining for some time now. Based on a chart analysis, we can see a double-top formation followed by a price consolidation that ultimately led to a breakdown once closing under a support trend line. After a fall of about 4%, an attempt was made to retrace. After a pullback, a second attempt was made, but that uptrend was much weaker, leading to the current downtrend. (Also noteworthy is the death cross of the 50SMA below the 200SMA which was followed by a strong bearish candle the next day). As the USD's value falls, we are getting closer to inflation, however it is approaching a support line. Additionally, GLD and SLV, the Gold and Silver ETFs have been on a strong bull run lately. While DXY may look to reverse back into a stronger value area, Silver and Gold, which are strong fallbacks when the value of the USD decreases, may look to pair the DXY reversal with an inverse price action.
TVC:DXY
by nmatto
2