SLV: Possible inverse Head and Shoulders, $26 price targetIf the inverse head and shoulders plays out, the $3 measured move should be at around $26.
Silver is always a risky play, so take caution
SLV trade ideas
SLV - Breakout Quickly SoldAs seemingly happens every time silver pops, it is quickly sold. As Banks have unlimited funds to sell short, one can expect prices to remain suppressed until the effects of Basel III take effect. My guess is that the new regulations will be delayed and the game will continue on.
$SLV - iH&S with continuationSLV has consolidated for a while in this bull flag. It seems the inflation data this week is helping it (and Gold) push higher. It did not work as an inflation trade last year but it looks like the next 12 months will be interesting. Even more interesting will be when it breaks through the resistance and climbs higher. In the 70's silver out paced Gold significantly during the higher inflation times. I am watching and adding this and gold to clients portfolio for the next 12+ months.
This is for information purposes only. It is not a recommendation to buy or sell.
SLV Reverse Head and Shoulders BuildingGetting ready for a year end blast off, esepcially as Basel III regulations take effect by year end. This Reverse H&S pattern shows the possibility of 4 points higher. While I have been thinking that the big inflation play make take five years to play out and thus have been buying physicals more than paper, Basel III may stop some of the paper manipulations that have been going on for far too long.
In the end, I'll keep working and adding on to my physical and paper positions until silver hits $50. It might not be too far in the future when looking at the spread between the physicals and paper. Silver Eagles are at a $10 premium over spot. There is demand going on but it's not reflected in SLV and XAU contracts.
$SLV - 9 Year Cup and Handle SLV has created a Cup & Handle formation that took 9 years in the making. It looks almost complete for a breakout. Will you be ready?
SLV Daily
An ideal buying position is emerging. In terms of fundamentals, we are in good condition for the growth of gold and silver.
SLV BUYSilver is starting to increase with gold. We are currently at the LPs of accumilation which means we get one small volume candle to the downside( Daily or weekly) and then it will jump. Keep in mind that inflation is rampant, alot6 of fears are being pushed. The idea here should be to focus directly o n what you see not what you believe. The sell off will come. its just a matter a time, but do not miss exits or profits sitting on the sell off. Very cautious for Jan of next year.
Lets see how this plays out
Cardano ADA vs. Silver Chart PatternAs I mentioned in a previous post, I believe that Silver looks very bullish! As you can see, these (2) charts look way too similar, and coincidentally, you can also compare this same pattern to Ethereum's chart.
Worth keeping your eye on this pattern!
Cheers!
SLV: Reaccumulation (Completing Phase C) /w Fundamental TailwindSLV is completing what I estimate to be Phase C of the re-accumulation cycle.
Fundamentally, I think of two impacts on the horizon.
We have more Fiscal "QE" - Biden's tax plan of injection another trillion or two into the economy. This would put pressure on the dollar and cause gold to rally along with its higher beta cousin (Silver).
Alternatively, there is a potential for short term rise in silver from those trying to escape the negative effects of longer duration. They would likely move up the curve in Fixed Income (but there is still some possibility of being run over by the Fed from raising rates, or adjusting their dot plots up) or alternatively avoid the front end of FI by moving their assets into currency hedged products like commodities and precious metals.
I think silver moves up and either breaks out of the channel soon, or continues to be trend bound. I think I will be playing this via short put and long stock combo.
SLV DailyIn terms of technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
Silver seems to have started a new uplegSilver has reach a textbook a-b-c correction, seems now to have started its impulsive wave 3.
Hi-Ho Silver!That pop higher today above $22 is pretty key (PURPLE resistance line, most significant). Looking for $23+
Understanding Support and Resistance Levels:
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SlvDecided too look into SLV de how it has been performing. A lot like gold, it’s been a awful investment in relations to BTC and crypto. From my veiw since breaking this symetrical triangle after rejecting long term support. I can see this bouncing or consolidating around 17.40 long term support range. Once we reach thes levels if we hold and consolidate this could be a great place to start picking up longs, until the. Buy crypto
SLV at 50 day moving av, can it retrace? Target $22.36 , $23.10let's see if SLV can retrace back to the .618 and .786 fib levels
SLV - Silver is going for a multi year bull moveTipical RSI and MACD weekly signature for a bull setup. The correction is very likely over and we may be resuming the newly formed uptrend on the monthly timeframe.
silver may be ready to run again beautiful triple bottom bounce here on Silver, may add some calls today. first price target is 24.6, second is 25.6. stop loss under the triple bottom bounce zone. good luck ! :)
Silver hits MarkHad been looking for a retrace to the breakout level, from June 2016. Have to step up and buy big on the 2023 LEAPS as this is the moment. Looks like it can go lower and longer term stochastics continue to drop but have to stick with the discipline, right? It does hurt though as my paper account has been getting decimated. Hey, it's only worthless fiat currency though. I'll keep buying at these levels.
$SLV - always flirting with the gapI have tracked this ticker for a long time.
At some point I do hope it makes a move to fill the gap. I will pick up around $18.60 if it fills the bottom gap, left on the daily.
Until then... I watch
Long | SLV | SWING TradeAMEX:SLV
Possible Scenario: LONG
Evidence: Price Action, Inverted hammer candlestick, money-flow
TP1: 22.5$
TP1: 23$
when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ
Call options 17th Sep, Strike 24$
*This is my idea and could be wrong 100%.
