Isilver trust -maybe we will see a dip back down to fill the gapIsilver trust -maybe we will see a dip back down to fill the gap
i put in orders for $18,$19,$20,$21
I hope to get it cheep before it goes higher.
-or-
It continues sideways in this consolidation pattern and then moves higher.
Every week it stays here at the current price I will buy at the close.
NOV 3 the election will push metals higher as who ever thinks the guy who won will tank the economy and silver and gold will shine for a week or so before December.
SLV trade ideas
GAAN Fan for silverNot nearly perfect but hopefully can service S/R from another angle. BTW, silver demonstrated good resilience in this tumultuous week and not down by too much, which is really a bullish sign IMO.
If you do performance comparison between silver and the Tech stocks, not many better performers out there.
Have a nice weekend everyone.
SLV iShare I love trading SLV instead of XAG.
Simple reason, you get all the price action but you don't trade with leverage (at least on my trading platform I have that option)
I'm in for the long term with SLV. Might do a few small trades if the market signals are significant, but largely I'm HODLing.
Silver has been receiving lots of positive publicity lately wit Warren Buffet moving away from the USD. And being much more volatile than Gold, as well as cheaper, it is a great option to diversify and to be a part of the commodities market.
It is important to note that silver is used in electronics, batteries, nuclear reactors, touch screens etc. I don't see the demand decreasing for these items at this point.
Curious to hear what you trade, XAG, SLV, both?
Respectful and constructive feedback welcome.
Thanks, Ev
SLV XAGUSD Silver Rvalue TrendsTrends are trends ... don't fight them.
You trade by the second, scalp by the minute? Hold by the Day?
Then spot the trend the same way. Fit the R value, closer to "1" the better!
Then plan your price and watch the support resistance moves just fall in line to trace the trend again.
This plan had Rsquared above 0.90 for 21 days. Both the price pattern in Renko's and the Candles are valid. They show two sides of the same moves.
I used SD of 2.5 and then channels for the day were very clear.
Still see strong uptrends with sideways consolidations.
SLV XAGUSD
SLV - We Didn't Test HighsNot a sure thing, but I generally look for such signals as a three day, three week or three month tests of highs to signal a sell. With stochastics turning down as well, I took some money off the table in the paper market to raise cash in the even that we do have a decent correction. My appetite for physicals however continues. While the prices may go up and down, paper money is headed for extinction.
SLV and silver continue weekly bullish trendSLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and other countries starting to buy electronics again, all signs point to continued rise with expected small pullbacks due to bank manipulation of the COMEX/ETF.
I suspect silver, SLV and most mining stocks will out perform gold here on out since it is still extremely undervalued. As inflation rises, silver, the poor man's gold will have continued retail interest in physical as well as ETF's
See my other charts for support and resistance levels, Fib levels Fed policies, and other analysis...I have been adding on every pull back and now just hanging on for the the ride up to $50 with $45 Jan calls. Don't miss the boat.
Silver - Next PlayChecking back in with Silver $SLV. If you saw our previous charts on Silver, both Gold and Silver have been on bullish runs this year. SLV seems to be consolidating at the moment and wouldn't be surprised to see a bullish break on this pennant pushing to the $34 levels.
We'll be keeping a close watch on this one. Looking for confirmation before entering. Good zone would be a breakout and $26.50 buy in with a 2% trailing stop loss.
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