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SLV

Silver Lining IIDaily RSI divergence during the low. Funny enough the low seems to have occurred again during full moon on march 1. CoT looks better now, compared to december last year. Even more, if I`m not missing something, then this is the first time since march 2003 that large specs are net short. A close above the 10ema (16,51) today would be another positive sign for me. Especially Gold has been highly correlated with EUR/USD in the last few weeks, more then normal imo. EUR/USD and DXY are close to their multiyear trendlines, so I´m looking for a conservative 17,20 as my first target, then take it from there. SPD in Germany gave the ok for a grand coalition this should support the euro for now, as market waits for the final outcome of italy election.
FX_IDC:XAGUSDLong
by AnRuaN
SLV June 16 Covered CallBought two lots of SLV at 15.74 and sold June 16 calls for 38 ea (45 delta strike). The IV was >20% today. The position break even is reduced to 15.36 with a 4% max profit on the break even cost. At 60 days to expiry, this yields 25% at an annualized rate. Ideally the cost basis on the position can be further reduced after June with additional calls sold against the position in the months ahead. Thinkorswim analysis shows 60% probability of some profit. Precious metals don't yield, but covered calls can be used to generate income against an existing ETF position. Silver has been trading in an increasingly narrow range for the past year, and may continue to do so for some time yet.
AMEX:SLV
by dime
The Rise of the Silver Surfer Part IIIMultiple 1-2 combinations will soon break out like a rocket. Buy anon & hodl physical! In Venezuela you can buy food for 3-6 month with 1 oz of Silver and with 1 oz of gold you can buy a house. Same situation in germany after world war. At the moment there are over 43.000 applications where silver is used in chemistry, industry, healthcare and economy. 10 more applications are added every day. Silver is antibacterial so more and more stuff like clothes and healthcare products are coated with silver. Silver is the metal with the highest electrical and highest thermal conductivity of all metals. So its used in every smartphone, computer, solar panel, car - in every electronical controlled device. -> Silver is one of the first metals which is running out in 12-20 jears (depending of div. sources). Nasa ist using colloidal silver as antibiotics for astronauts.
TVC:SILVERLong
by _Phi
Silver finds support at $16.2Silver finds support at $16.2. COT futures data show that the Commercial Trader Short/Long Ratio is down to 1.23. This is a strong buy signal. The COT data can be seen on barchartdotcom and goldseekdotcom. Since USD has shown a lot of strength recently, it is reasonable to cost average smaller positions into this over the next 4-8 weeks. I am long 1 silver future and will open a half position in USLV in my 401k today. SLV is a 1x long etf. USLV is a 3x long etf with an average volume of 2.9 million shares so it is highly liquid.
OANDA:XAGUSDLong
by haug01
SLV poised for three-month test of the lowOne pattern I like to follow is a three-period test of the high or low. Should SLV hold this level (15.51) on Wednesday, the end of the month of February, it could be forming the base for a long-term bottom. The intermonth low for December was lower, so price action in March could also fall to test that low (14.74) but the a successful monthly close is a long-term positive. Of note is that there is also a three-week test of the low next week. This is very reminiscent of the Feb 2016 low in SPX, with a weekly and monthly test occurring around the same time. We all know what followed after that.
AMEX:SLVLong
by Glewis54
Why Should We Say OUT OF FOREX and Same Stuff !When we look at the chart. We expect a strong rally or fall because of the price action. Price in the same areas so bollinger bands are squeezing. But !!! Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God. Life time and price is same.. So Stay away from forex and other leveraged and date expiry stuff. IF you wanna buy something. Buy it. Not forex. Because you buy it and have it put in a safe... Forex stuff will be in fire in a time later and you lose everything. Buy it like bar coin 1 kg sillver bar like that. Buy it put in your house. Do not burn your money. Good LUCK..
FX:XAGUSDEducation
by UnknownUnicorn467863
3
SLV poised for breakout to 19-21 levelSLV has met resistance at the 200 week moving average (16.23) but may be headed for a move higher if a proposed Elliot Wave count plays out. After a big move down, approximately 35 points, SLV appears to made a leg higher followed by support above the previous major low. This could indicate wave 2 of an Elliot Wave move. The current wave 3 move appears to be entering wave 2 of 3. A breakout above the 16.25 level could result in a wave 3 of a larger wave three move, generally more powerful. Fib retracements indicate SLV could run to 21, 26, 30, etc.
AMEX:SLVLong
by Glewis54
SIlver Vs Bitcoin wyckoff LogicI find the biggest successes in my investment / long term trades coming from looking at repeating cycles of similar assets coupled with fundamental analysis. Markets typically act with the same logic as explained by Wyckoff - i suggest further reading for those of you who are not familiar with his market hypothesis. I thought i would share this, both because i am fond of both markets but also because of the similarities between the two charts. Bitcoin enjoyed a fantastic run up in 2013 and we know what happened following - a long painful year period of sell off, followed by a consolidation down to the $200 range, and well, the rest is history - to $20k in the following two years. Silver experienced a slower but still phenomenal run up mid 2010 - 2011 and has since been trying to find a bottom. looking at the two charts i would say that it is fair to say that there is a similarity between the two. To me, it appears that silver is very much in the accumulation phase and looks like it is starting to show bullish signs. Silver is a much more mature market and typically will move slower, which has both is advantages and disadvantages. I play both markets and am unbiased as a result, but i think that it appears that silver and indeed other commodities/precious metals look good to go to enter the mark up phase after a long markdown / accumulation time. We shall see. Best filbfilb
TVC:SILVERLong
by filbfilb
11