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SLV trade ideas

The Precious Metals Rally Continues - LOAD THE BOATSLV, /GC and other precious metals are rallying hard while DXY continues to sink off of the back of central bank easing. No Reason at this point not to join the party. There were a few people at the beginning of this predicting a new precious metals super cycle, and while I'm not sure something to that degree will happen (Look at /GC around 1998-2006), I think we still have a TON of room to move from here, especially looking at the commitment of traders reports. This train doesn't have any reason to stop moving.
AMEX:SLVLong
by PropNotes
1
SILVER IS SOARING - SLVSLV has been on a tear since the March lows, rallying over 80% and it's still going. Eventually we'll see a breather as volume begins to decrease and bulls take some profits, but at the moment the bullish trend is still going strong. If you're looking to play this one, I would wait for any dips you can get, buy in, tight stop loss (around 2%), and let it ride. Secure profits as you can and don't get greedy. Remember the trend is your friend until proven otherwise. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
AMEX:SLVLong
by MannyLo
Long Term Strategy for SilverSilver has clearly broken out from its bearish cycle indicated by the white down trend line. Based on the last bull run we should reach the 2.618 in about 770bars or approximately 2 years. In the short term, I expect a retrace to the .236 fib over the next few months making October a good time to enter the market at around $18-$19. Furthermore, Rsi and Macd seem to be reversing, so it's possible the short term retrace has already begun. Set the date and check this post and the price of $SLV around Oct-Nov for a good entry point. Good luck and remember to hit the like/follow button if you agree with this idea! Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
AMEX:SLVLong
by Waxy_CottonSwab
1
SLV - Rally to Continue?Last year when looking at the possible double bottom scenario, an imagined breakout looked something like what we have just seen, especially in the cash trade where prices rallied to a serious resistance level. The Double Bottom scenario assumed that we would break through resistance and then back down to test the break out level. Support here, at just underneath 20, would then be the launching pad to prices that I expect would test the highs. Just look at gold. Silver is catching up and should monetary conditions continue as they are, hard assets of all types will certainly continue to move higher until such a time that the dollar is wiped from the face of the Earth. The worst case scenario is that over the long term, we had merely corrected to the .328 fib level and precious metals become again the worthless relic of the past. Don't think so, especially as the virus threats continue and precious metals supply continues to be endangered. In any event, as mentioned before, wave 5s can be stunning! This is wave 5. As with all five wave impulsive moves, an A-B-C correction usually follows. Make sure you have some cash on hand to add on as additional waves higher are sure to follow.
AMEX:SLVLong
by Glewis54
1