29/6 - Sector rotation - Silver / SLV ETF29/6 - Sector rotation - Silver / SLV ETF could rebound soon after a recent pullback and equity market peak.
SLV trade ideas
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.
Closing Silver Longs - Alternate CountAlternate Count - With copper showing weakness and signs of a major top on $COPX - I am cautious now on silver and other metals as copper usually "leads the way". Feb 1st may have been the buying climax for SLV. Broader Markets looking soft now as well.
Closed silver long positions last week. Bollinger bands getting tight on SLV - let's see how she breaks and then wait for confirmation. Trade safe.
Not financial advice.
Silver SLV buy the dip to get to $30$SLV Resolution coming soon. So have some patience $24 is a good buy if dips (short term seems inevitable to have dip). Long term $GLD and $SLV have good upside potential this year.
Target-1 $29-$31
Target-2 $38 (1-2 years)
Short SLV from $26 to $24Load up on monthly puts I think we retested $26 and failed as well as fell out of an ascending channel. I think we could also be seeing the formation of a nasty head and shoulders on the weekly. What do you guys think?
Silver Weakness this Month?After a couple of months up without a reset, I wouldn't be surprised if we have some weakness this month. Perhaps a good opportunity to build the Jan 2023 LEAP positions. Believe that at that point, SLV will have cleared 30 with now problem so have been building 20-40 and 30-50 call spreads.
Interesting to note that on the way up as well as the way down, the 20-25 territory has been like butter, each way, until recently. Think that this work SLV has been doing in this range is constructive.
Also notice that three times now, SLV has tried to break into the next tier higher, 26-33. It has met with resistance each time. Perhaps SLV needs to slip down a little this month before making the surge next month.
The only problem with having to play the long game in the PM paper market, is that as now the Treasury joins the Fed in flooding the economy with dollars, even if my paper PMs double in value, not sure that I am ahead of the game. Physicals seems to be the only real way to go. At least with increasing premiums, one can see that the physical market is acting more like a real market than the paper. Really though, silver should be in triple digits by now. With the cost of energy heading higher, how will mines be able to continue mining without dramatic increases in sales prices. Does take quite a bit of energy to drill and process this stuff. While many hype the miners as a high beta play to the metals, if PM prices continue to remain suppressed, miners' earnings will take a hit.
Accumulating momentum for SLV stock, you can buy nowHello traders, here is a medium-term price range prediction for SLV. It is not easy to understand and you can clearly see the momentum for the stock. I believe you can buy now and sell 1-4 weeks later for some profit. Hope to see you with my next predictions!
Take care, stay safe
Why wouldn't SLV go up?Investing in $SLV just makes sense.
The technicals look incredible and primed for a breakout to $30+ with the possibility for a new ATH.
Get your inflation hedge set. The dollar will crumble and shiny things will rise.
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SLV : RESET / POSITION TRADESLV: Breakout Potential
SUMMARY :
The iShares Silver Trust ETF is trading under pressure and the instrument has lost more than 17% of its value since August 10th, 2020.
However, irrational exuberance in stock markets, a negative unemployment trend in the U.S., and an alarming surge in U.S. money supply could help SLV to break above prior highs.
As a potential breakout trigger, we will be watching the $24 level because we think that a sustained bullish move here could extend into a much wider rally into 2021.
SOURCE: Dec. 15, 2020 3:13 PM ET / iShares Silver Trust ETF (SLV)
seekingalpha.com
SLV LongiShares Silver Trust is in uptrend with the slight pullbacks, in my opinion $45+ for a long term is what you're looking at for.
SLV Building a Launching Pad to Mid-30sThe SLV monthly line chart shows what an excellent base being formed. Looks like a textbook corrective wave coming to completion. Had pegged 35 as my target for Jan 2021 LEAP calls. Still holding 20s and 25s. Have been building out 30-50 June 2022 spreads when I can get for 1.25 or so. Think that one has to continue to play the long game, especially in the paper market.
In the physicals, premium is still pretty high compared to our previous comfort levels. Perhaps that is reflecting the true price. I continue to add to the physical position. Silver continues to be pretty much the only asset that hasn't performed well. That just won't last forever.
Closing (IRA): SLV January/June 16/25 Long Call Diagonal... for an 8.50/contract debit.
Notes: I'm not all that confident that this stays above 25, so taking profit here. My cost basis was 7.76/contract (See Post Below), so .74 ($74) profit per contract here on a 9 wide (8.22% ROC).
SLV looks aggressive...until - Silver EmanicipationPaper shorts show up
Breakout pending, lord willing Silver price discovery after all those years of slavery
Silver Emancipation
t/p retest ATH and beyond
enjoy!~!!
SLV Long Term Breaking OutSLV looks like it is about to go much higher on a long term chart. The rounded curve of the chart makes me extremely bullish. I will be buying Jan 2023 $28 call options around $3.60 come Monday 5/9. I am choosing to buy long dated options because I want to give this plenty of time to play out. I am thinking 10x on this trade given enough time. Once the SLV price reaches high of $45 I will be taking some profit and letting the rest ride!
SILVER! Am i biased to the upside? Silver is aiming higher.I'm own silver, physically - not this paper product. But, regardless, I'm biased to the upside. Silver is still in the weeds, but its ready to leave for higher ground.
Growth stocks - signs of laggingRelative weakness in growth stocks has been popping up in several places lately. Here we see the Relative Strength of Silver versus IWF (Russell 1000 Growth) has been heading up over the last month or so, potentially indicating a rough patch ahead for the prior high flying growth sector.
