SLV to continue bullish momentumSLV looks like it'll keep respecting this trendline, expect continued momentum.
SLV trade ideas
Potential SLV Long [Target: $40]Long if SLV price breaks the neckline and tests the $27 resistance as a support.
**Not financial advice, do your own research**
SLV long callsAdding long calls to SLV to complement my GLD position. Expecting decent moves throughout the year for both.
Silver getting ready for a bullish rideSilver (SLV ETF shown here) seems to be near the completion of its consolidation the resuming of its rise.
SLV Confluence around $22.50The 200 SMA dynamic support lines up with the middle of the pitchfork and demand zone. Very high probability trade setup IMO.
Buy $SLV because money printer go BRRRI read a stat somewhere that the US is printing the equivalent of 20 WW2s per day.
I know the financial system is a completely different landscape with the introduction of the FIAT-based currency compared to the gold standard, but inflation will not go unnoticed in the next months and even years. I've been long SLV since $12 and I am still long. I believe SLV has the potential to reach an ATH
#SLV If it doesn’t come back from here the next level would be at 22.2 which is the the 200 MA and the 0.78 of #Fib retracement
Silver gap fill then bullish uptrendI believe we are going to gap down to fill the gap then start trending up to retest resistance levels.
Silver looks good assuming the trendline holds Despite the recent sell-off in the commodities space due to yields , particularly metals, silver still presents a nice setup. It's safe to assume that the rise in yields caused a shock in the markets due to the pace of its rise, rather then magnitude.
Inflation expectations are rising along side yields, leading me to believe that real rates are still in negative territory. I do expect yields to pullback here because the bond market is oversold at multidecade levels. A pullback in yields, along side a stimulus package and wobbly dollar can be a a nice stage for this market to build some steam. Sentiment is bad which means some weaker hands have been washed out and additional capital can renter the trade to chase the momentum higher. Keep in mind however, a break of the lower trendline would lead to a deeper correction and longer consolidation.
$SLV maybe ready for takeoff$SLV has three chart signals that may be signaling a strong upward move!
1. Triple bottom
2. Cup and Handle formation
3. Fib 61.8 retracement
$SLV to break resistance soonLoaded up on silver. Undervalued and its tickling resistance for the longest. Its bound to break.
$SLV ready to break?$SLV is near the bottom of a long term upward channel. I'm looking to add some long June calls in the box.
My bi-directional trade on SLVI like SLV, I think it is a good inflation hedge that has a history of having sudden bullish movements.
But it's not at historical lows either and everything is possible. So, here is my trade:
1) Long SLV
2) Puts Strike 20 Jul 18
Such put protection is usually expensive. But looking at options prices, EVERYONE thinks SLV will only go up. This means that out of the money puts are pretty cheap.
My potential trade outcomes:
1) Silver goes way up and I make a ton of money on long SLV and because puts are cheap, loss on them will be insignificant
2) SLV crashes to lows for whatever reason. I make 15x on my puts that will more than offset any losses on my long and I'd be happy to go long again at those levels.
3) Nothing happens - in this case, I just lose my put money, but because they are cheap...see #1.
Sounds like a deal to me!
I marked this one "Long" because I make money either way (or at least not lose much).
OPENING (IRA): SLV MARCH 19TH 20.5 SHORT PUT... for a .34/contract credit.
Notes: With 30-day at 40.8% and expiry-specific at 42.4%, layering in some SLV, this time in the March cycle (I already have some February on). 1.69% ROC at max as a function of notional risk.
OPENING (IRA): SLV JAN 15/MARCH 16/26 LONG CALL DIAGONAL... for an 8.74/contract debit.
Notes: In lieu of selling short puts, taking advantage of SLV skew here with a long call diagonal, buying the back month 91 delta and selling the front month 43. Paying 8.74 for a 10-wide with a max profit metric of 1.16/contract (13.3% ROC) with ample opportunity to reduce cost basis further and therefore increase max profit potential. The additional benefit is that this is more buying power efficient than, for example, selling a 20 delta short put here and with greater profit potential.
Silver test of $50/oz. high in 2021? SLV charting.Silver primed for $50+ ATH in 2021.
Dollar devaluation+ utility in solar panels and EVs=== BULLISH.
Long Term Look at $SLVHere's a longer term look at $SLV. Long bowl formation. $45+ target measured from depth of the bowl. Initial $31 target measured from the depth of the smaller bowl ending now.
Locked and Loaded $SLVBesides the retail "blip" last week, this pattern has been working for months. A trendline break higher should target $31.
$slv - getting ready for next legcancel out the noise from wsb and fintwit. technicals were not ready for the forced breakout monday, so chart looks wonky.
25-26 levels are tough, but once we get past them, we will see bigger moves.
triple buttom, cup and handle. call it what you want. it's bullish~
