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SLV trade ideas

SLV and dollar correlated?As news that the Fed will be injecting hundreds of billions more dollars into the repo market, one has to expect that an increase of the money supply surely needs to affect the price of precious metals. But looking at a comparison of SLV and the dollar show that overall, Silver and the dollar appear to be very correlated. From time to time, I look at the numbers at usdebtclock.org Looking in the far right column, we can see that the dollar to silver ratio is $1,053 an ounce. Yet silver languishes at prices far below this. One reason is the paper to silver ratio of 201.96. Not sure that the prices of precious metals will ever reflect their true value, that is, until the fiat currency system resets or collapses. But this prospect is a key reason why buying the actual physical products make sense. Where else can a worthless piece of paper buy so much value?
AMEX:SLVLong
by Glewis54
SLV Long Bull flag on monthly chart Monthly Chart shows a very nice Bull Flag for SLV A long stock play can be done if I want to hang onto the stocks for a few months. The length of the flag pole shows about a $3.5 move, so an option about half way up that move with the expiration of March would also work. In fact. I'm looking at the decently16 s priced strike that expires on March 31 2020 a Debit spread can also be done if i also sell the 17 strike on the same expiration That would make the cost of the spread at the current market price $21 with a profit potential of $79
AMEX:SLVLong
by choochoohiggins
2
SLV - Time Symmetry predicts a Bottom on MondayFor a long time now, I had wondered if the apparent wave 4 needs to be as long as a wave 2. Wave 2 ran from Feb 20 to May 28, 67 trading days. Our recent wave 3 high marked on Sep 4. We are now 64 days into this correction. We should be close to an end. 67 days hits on Monday. Can't wait to see an impulsive wave. These constant smack downs have made me lose total interest but my positions stand and will be prepared to roll any 2020 positions to Jan 2021 next month.
AMEX:SLVLong
by Glewis54
2
SLV - at an inflection point?I think so. Unless my chart reading skills are off, SLV is right at an inflection point. There is a perfect FIB retracement in place and $15.74 represents an important break out/down point from 2016. Down channel resistance just begging to be taken out. Volume drying up on sell-off. MACD and RSI favorable. A little W bottom with 200 day holding us up below. If the saying is true that the miners lead the metals, WPM and PAAS have been screaming up. Feels like it's coiling, Looking for it to attack the 18.35 high and fairly quickly.
AMEX:SLVLong
by BobbySpa
The pirate adventure resumes?ARGH, ARGH, my friends, it has been a very long a painful wait, but perhaps it is time to revisit the treasures abound in gold and silver. As you can see, there is a shimmer or GREEN on the WEEKLY chart propagated by a spark of ignition on the DAILY. Perhaps there is still hope for the X that marks the spot. However, we must tread very very carefully at first. Any sighting of an officials ship and it's time to run for the exits again, less we be captured and capsized.
AMEX:SLVLong
by supere
Silver's next stop 14.85...As the last crazy bull rampage all over, the precious metal become less precious than before. But do not let the mirage foul you, even the stocks runs high, but the profits and earning are heading south. China is also going to make more trouble along the way, which will drive the equity price higher... Than, same like the all time high of French Stock market at 1939, there's no after... Precious metal are the only stuff can retain value during trouble time.
AMEX:SLVShort
by ShentaTsai