Silver Regular Pattern. SLV XAGUSDPatterns patters, but is it a trend , a predictor or just a market swing?
Perhaps a short squeeze?
Flight to safety?
Perhaps hedges?
TBD!
watch 25.63 for a market move up again!
SLV trade ideas
Silver needs to break 26.32 to run awayStill a trend within the Daily model for a potential up swing again.
SLV Silver Trust UpdateNot much has changed or invalidated count yet. Still projecting to around ~23.75 but was expecting lower in this move based on other moves. Still watching out for a more bearish scenario.
SLV - More upside than downside - Strong supportSilver has been resilient, yet still dropping slightly as the DXY struggles at best to stay afloat trading near .94
Fed continues to print = falling Dxy = rising silver. Still extremely tight phys supply in US will keep silver prices supported and elevated as the price fluctuates due to Dxy
There is strong support for from April 2013 and Aug/Sept 2013 at $23.88, as well as some recent support on the 4 hr at the same level.
4Hr chart shows SLV hitting the 50 SMA right at $23.88(ish), which further affirms strong support at that level.
SILVER RESUME BULLISH TRENDSilver is at the end of the symmetrical triangle. Likely resume bullish trend.
SLV Silver Trust updateStill looking for a bottom in wave C. It seems to be lagging in count behind GLD right now. Also watching out for a setup for deeper correction
SLV short term trendJust discovered SLV is forming a triangle pattern at this resistance level ($25). Something to look for:
Case 1) A good entry point in the next couple days if the price remains in this area
Case 2) Price would be less volatile approaching the end of next week
If 1 and 2 are true, the price likely goes up and tests the previous high (above $27).
P.S. I still own the positions I opened from March and May earlier this year and remain bullish on it. Will keep update on this prediction.
$SLV breaking out of the triangle in a week This triangle formed perfectly on the resistance level and is about to explode soon. Good loading timing would be tomorrow until early next week and likely to see a significant change in a week or so. Play safe but expect to see a break above the previous high!
SLV Silver Trust Update - still expecting another lowStill looking for the 21 to 23 range right now for a Wave C bottom/4th wave. Get more bullish above ~25.5
SIV SILVER Daily Trends and Resistance/Support Levels CONFIRMEDNice confirmations 1hr & Daily trends on SLV for Support/Resistance levels.
Renko trends show $150 by EOY
BUY the pull backs, average in on holdings thru 2021
SLV longI had this chart for about 3 days, it's held that silver line well and turning it into support. This is almost mirroring the trend back in 2011. Silver I can see above $30 in a couple weeks. Need to get past that yellow line which is major resistance which it got rejected on prior a while back.
SLV Silver Trends with Gold RatioWhich trend can you follow "Daily"
Price sometimes moves independently from 'time'.
Look at trends and mark those in "Renko" bricks.
Then use your candle charts to trade interday moves knowing the TREND!
Watch the Gold/Silver ratio
TRADING GUIDE use DAILY trends to plan buy/sell orders...
GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL
Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold (this was the trend...)
Gold-Silver Ratio Uptrend Gold and Silver in Downtrend Sell Silver (this may not happen in 2020?)
Gold-Silver Ratio Downtrend Gold and Silver in Uptrend Buy Silver (we are here ...usually)
Gold-Silver Ratio Downtrend Gold and Silver in Downtrend Sell Gold (add to positions if a short "pullback")
SLV adhering to Fib levels, strongAs we can see on the 4 hour Fib SLV is playing nicely with it's expected levels. There's a gap to fill to 26.48 so as long as the metal keeps moving up, expect SLV to fill the gap relatively quickly and then move onward to the higher levels we've recently seen, and beyond. (see link for other chart)
As for the sharp drop we had last Tuesday and it's near V recovery, this is a VERY CLEAR indication this was price manipulation to cover shorts by the big banks who are losing control of silver's price. Look at how quickly silver recovered from that drop. We're at the point to where the attempts to largely control the price is getting weaker and weaker due to the many factors driving silver up. Staying strong, not conceding/selling the dips, but rather seeing these dips as a gift of a buying opportunity is how I'm playing this, and it has paid off nicely.
To see resistance levels above $26.48 please see link to chart published on Aug 5th as well as my last analysis on Aug 11th which provided guidance on support levels for the last dip which SLV consequently bounced from.
Silver lags but moves SLVSLV
Silver always seems log lag Gold moves (After Berkshire moves 20.9M shares in GOLD).
Strong buy moves and trends show Henkin bars now above Kumo on the Ichimoku Cloud.
Long positions will see strength and small 5-10% pullbacks over time.
I see a target for Spot Silver above $30 for September. $50 for end of 2020 and $70 for 2021.
SLV 4HR ChartSilver bounced from 4HR EMA and is currently sitting on AVWAP and cloud support. Needs to break above AVWAP and supply zone. Looking for an entry at the golden pocket targeting ATH. 4HR RSI: 52. Stoch RSI: Bullish divergence.
