$SLV ready to break?$SLV is near the bottom of a long term upward channel. I'm looking to add some long June calls in the box.
SLV trade ideas
My bi-directional trade on SLVI like SLV, I think it is a good inflation hedge that has a history of having sudden bullish movements.
But it's not at historical lows either and everything is possible. So, here is my trade:
1) Long SLV
2) Puts Strike 20 Jul 18
Such put protection is usually expensive. But looking at options prices, EVERYONE thinks SLV will only go up. This means that out of the money puts are pretty cheap.
My potential trade outcomes:
1) Silver goes way up and I make a ton of money on long SLV and because puts are cheap, loss on them will be insignificant
2) SLV crashes to lows for whatever reason. I make 15x on my puts that will more than offset any losses on my long and I'd be happy to go long again at those levels.
3) Nothing happens - in this case, I just lose my put money, but because they are cheap...see #1.
Sounds like a deal to me!
I marked this one "Long" because I make money either way (or at least not lose much).
OPENING (IRA): SLV MARCH 19TH 20.5 SHORT PUT... for a .34/contract credit.
Notes: With 30-day at 40.8% and expiry-specific at 42.4%, layering in some SLV, this time in the March cycle (I already have some February on). 1.69% ROC at max as a function of notional risk.
OPENING (IRA): SLV JAN 15/MARCH 16/26 LONG CALL DIAGONAL... for an 8.74/contract debit.
Notes: In lieu of selling short puts, taking advantage of SLV skew here with a long call diagonal, buying the back month 91 delta and selling the front month 43. Paying 8.74 for a 10-wide with a max profit metric of 1.16/contract (13.3% ROC) with ample opportunity to reduce cost basis further and therefore increase max profit potential. The additional benefit is that this is more buying power efficient than, for example, selling a 20 delta short put here and with greater profit potential.
Silver test of $50/oz. high in 2021? SLV charting.Silver primed for $50+ ATH in 2021.
Dollar devaluation+ utility in solar panels and EVs=== BULLISH.
Long Term Look at $SLVHere's a longer term look at $SLV. Long bowl formation. $45+ target measured from depth of the bowl. Initial $31 target measured from the depth of the smaller bowl ending now.
Locked and Loaded $SLVBesides the retail "blip" last week, this pattern has been working for months. A trendline break higher should target $31.
$slv - getting ready for next legcancel out the noise from wsb and fintwit. technicals were not ready for the forced breakout monday, so chart looks wonky.
25-26 levels are tough, but once we get past them, we will see bigger moves.
triple buttom, cup and handle. call it what you want. it's bullish~
Bullish on SLV, Max Long to 50aside from the fake reddit breakout, every indication is showing SLV primed for a launch
SLV Inverse SHS in makingPM has been consolidating for months and looks like we are close to the next leg (hopefully up). Inverse SHS is in the making for SLV and I won't be concerned ST unless the low of 12/07/20 $22 lost
Bullish Divergence Sets Up a Buying Opportunity for Silver!Silver (often traded through SLV/PSLV ETF's) has had a busy week! After getting pumped to 10-month highs on Monday, we saw sellers attack price relentlessly for 2 days. Today, however, was different. Back at old-resistance/(new support?) from 2020 at $24.50-$25 on SLV, we are seeing a basing pattern with hidden bullish divergence on the cumulative volume percentage indicator (lower lows on indicator, higher low on price). This suggests sellers have been more aggressive than buyers, yet price has not dropped further as a result, suggesting there are opportunistic buyers accumulating at these levels. This offers a unique trade opportunity to the long side. If SLV can hold its low of the week (or at least not close a weekly candle below it), it provides reasonable reward-to-risk for a 50-62% retracement towards the highs, and possibly a gap fill. Note how CCMI (or your momentum indicator of choice) is rotating back upwards, approaching the zero-line on the 78min chart (no using hourly charts for indicators on equities or ETF's! Every candle MUST have the same amount of info for indicator readings to be valid!). I expect we see some bullish momentum into the end of the week. Buying a breakout over Wednesday's high or even after a dip under the low that is supported by the daily 50 sma (not pictured, currently at 23.52) makes a LOT of sense.
SLV..better than gold and cash and...Silver looks like it could make a higher high...those Robin hood and reddit traders like to hold ....if bullish trend start..it can go parabolic...imo
SLV - Starting to Add hereWe all knew that silver would get smacked down, at least in the paper markets and so it did. I had been tempted to buy some of the 2021 10 ounce Queen's Beasts coins last week but was expecting still weaker prices. I did nothing during the run up, neither selling or buying more.
We might be hitting a good buy point here. I often look for the test of the three week low. While that price is below 23, we have an a well-defined upward channel being established. Bought some March 20 calls this morning and may do more tomorrow. I don't mind buying here, even if I think we will probably have another smack down or two to shake out the physical metal holders. Something tells me that's not going to happen now. If you've been buying the real thing, congratulations. While my price target for this year is SLV >35, the new administration's disdain for fossil fuel my cause oil prices to climb. I'm guessing $100 or more a barrel. Since precious metals mining is fossil fuel intensive, either prices will have to rise substantially to justify the extra expense, miners will go bankrupt and China will buy everything, or production stops and physicals totally disappear from the market.
With new eyes opening up on the precious metals price realities, us long-suffering stackers might finally realize our expectations.
OPENING (IRA): SLV FEBRUARY 19TH 21 SHORT PUT... for a .31/contract credit.
Notes: With 30-day at 44.7% and expiry-specific at 45.6%, doing a little SLV here. I'd prefer greater weakness back toward 21, but am fine with taking assignment/selling call against if that happens. 1.50% ROC at max.
SLV: Update The price remains tame and flat. illogically so:
The last four days SLV volume has been off scale high. Yet the SLV is tame and submissive. ( just like Jimmy likes it )
There is no physical silver to be sourced in the retail market. Premiums for fiscal are very high, One once rounds are fetching $42. Yet, how is the SLV back under control?
The COMEX shorts position are in the thousands of millions of ounces! so the price of silver moves not.
Black Rock owns the SLV. JPM is the custodian for SLV physical silver. Virtue financial does the High frequency trading on SLV, and there is a short list of baks that actually play Silver commodities market: the COMEX (Crime-ex)
The regulators, the CFTC, see and hear, Nothing! captured, bound and gagged!
The underground is still swirling with grit and thunder . . .
"'The pressure point' Silver still is . Monetary metal, silver again will be! " Yoda.
This gives pause, but: anything can happen, especially these next few weeks. The Cov idiotsy is braking down. The scammedemic is long in the tooth; More and more people are rebelling in their hearts.
Added to the graph: Orange elipse, Blue parabola
SLV setting up for potential moveIf you have followed me for a while you would know that I am long silver and like it long term.. The challenge in holding precious metals is the constant manipulation and choppy price action. The price will get spiked to draw in smaller players and then heavily shorted back down by the big guys. Its especially a massive scalp play operated by the giant players..ie the banks. It it possible that the WSB gang could actually break this trap by bring attention to the manipulation. Price action would say they have a chance. Its forming a nice rounded bottom and working is way above 25. A break of 27 could yield a move to 30/34/ 40 and maybe higher if the idea gets momentum on social media. Should be interesting to see how it plays out.
LONG SLV Silver to ALL TIME HIGHS...and then price discovery Let this one play out all throughout 2021. Let's squeeze the bankers that have been screwing with the silver market for decades. Remember this is a weekly chart so give it some time. This one will rip to all time highs and then some while in price discovery. Hold the line boys. Target 1 is at the 1 fib retracement, Target 2 and 3 are at the 1.272 and 1.414 fib extensions respectively. These are conservative targets so once it busts through ATH you are free to judge your own targets. Feel free to de-risk and take partial profits after target 1.
Entry - $26.82
Stop Loss - $20.37
Target 1 - $48.39
Target 2 - $57.89
Target 3 - $63.67
R/R Ratio - 3.21
SLV the most short squeezed thing in the market.Silver has been shorted by everyone and currently, they don't have any actual physical shares of silver. Yet they have all these naked paper contracts that will never be backed up. The actual physical silver asset doesn't exist. The big banks will need to buy back their shorts if we push the price higher than 40. That being said this can be done if we all collectively tackle the big banks. With our winnings from GME and more support, we can get the silver value to where it belongs @100 dollars minimum.
A quick look there is strong resistance at 30 dollars mark but understand that silver has actually broken out of the 25 resistance with the current push and momentum silver will have a great month at the very least.
