Get started
iShares Silver TrustiShares Silver TrustiShares Silver Trust

iShares Silver Trust

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

SLV trade ideas

SLV leading diagonal off lows, target 28 for wave 1Long term targets remain relatively the same, wave 3 to around 48. Overall, the count used to be a standard impulse off the lows, but now because of the wave 1 and 4 overlap, this has been modified to a leading diagonal, expecting 1 more push to take us to the ending of wave 1. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2021
AMEX:SLVLong
by UnknownUnicorn4017959
1
SLV target 30Silver looking constructive off lows put in towards the end of 2020, target 30 for 5th wave. Overall bullish on anything that hedges against the dollar. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
AMEX:SLVLong
by UnknownUnicorn4017959
2
SLV - Patiently waitingSilver has not taken out last week's high despite a spirited rally today. I lightened up some on SLV last week anticipating a three week test of the low. With quad-witching on Friday, could be lots of volatility even extending to metals. Dollar continues to be super weak. Could be wrong and SLV can continue to move higher but I play the patterns that I know and will patiently wait to see how we are going to close on Friday. Holding at or above 21.05 would be an intermediate-term entry point and onward to the 30s. Last year, I had been anticipating a double bottom formation with prices taking out a top just below 20. Theory says that after breaking through that top (occurring around Aug 2016), prices would come back down to test that breakout point and move much higher. The March madness in the markets caused silver to make new lows. But ignoring the March craziness, I'm am sticking with that philosophy that we did make a double bottom, have come back to test and will then move to higher prices. That being said, previous posts showed that I had expected still lower prices and they still might occur, actually testing that breakout level around 20. But as the Stochastic indicator is now heading upward, momentum is shifting. If we wind up closing below the 21 level on Friday, a little more patience will be in order. But I think we are close. This weekly setup is important to keep an eye on and if successful, is worth placing your bets on it.
AMEX:SLV
by Glewis54