Descending Triangle Forming until the ElectionThere is a descending triangle forming until the election, so it will either go up OR down from there. (so not necessarily a short strategy; it could go long) But hopefully, closer to that time, indicators will give a direction. Shortby PrincessgirlUpdated 11112
SLV - still cleaning up!SLV working to clean up the mess inflicted in September. Interesting spot right here at the second gap falloff. Starting to see some higher highs and lows and levels to clear. Indicators are a coin flip but starting to shape up. I like silver to run if stimulus gets done and economy starts to open up. Longby BobbySpa0
SLV range bottom setSilver just told us where the bottom of its range will be a couple days ago. $20.45Longby UnknownUnicorn3809107332
$SLV vs $GLD weekly chartratio suggests possibly some more weakness for silver ahead relative to gold with.by Veets110
SLV updateBroke down below my bearish scenario. Still see possibility of bullish move from here above ~21.5Long00:57by cryptowaveman1
SLV silver trustLeaning bullish but need to see more wave completion to turn bullish longterm. Also watching for the bearish scenario if it breaks below ~21.7 then possible setup for ~18 rangeLong01:31by cryptowaveman226
SLV Making a Move HigherGoing long silver with SLV as it looks to re-test $25 soon. Not trading advice, do your own diligence. Happy hunting. Longby StockPickingEnthusiastUpdated 0
Stimulus News to determine DXY and SLVSLV tried to break the bullish trend and 0.382 Retracement but quickly recovered (no Full bear candle below trend & Retracement). would suggest going into Jan 2021 calls with stop loss at $20. stimulus news remain the main determinant of trend direction. Watch DXY. still learning. let me know your opinions. Longby Hareth03110
Silver seasonality analysis that could helpPlease refer to the following link for a great seasonality analysis from Kitco: www.kitco.com If history tells us anything, Silver seasonality shows that October will normally see a bounce up in silver even though it could be short lived . Then from October peak through early December it is normally a down trend. Mid December through February will a good bullish period for Silver, so is end of June through mid September that is the second bullish phase for silver. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. by hanzhao3115
SLV from ADX view -- 30 min chartADX line crossed down 40, an indication of trend finished. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. by hanzhao311Updated 442
SLV GapsAMEX:SLV As SLV works it way through its levels the best support and resistance could be a Fibonacci. It is important to note that throughout the summer as SLV had approached these levels leading up to the swing high it gapped up above all the levels except .382. I'm unsure why it has seen so many large jumps in price but it could be forming a double bottom at 20.51 and move back up next week to chase fills on some of these untouched areas. by crawfordpaul221
silver ready to pop or drop on 30 min chartSure looks like it is going to pop to me. High possibility for a pop here. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. by hanzhao311Updated 2
OPENING (IRA): SLV NOVEMBER 6TH 19 SHORT PUT... for a .37/contract credit. Notes: Now that I look at it, the weeklies are super liquid. With 30-day at 47.8%, selling the strike nearest the 16 delta/45 days until expiry. That .37 ($37) doesn't seem like much, but as a function of notional risk, it's 1.99% ROC at max/17.3% annualized as a function of notional risk. Full position is the November 6th 19P, November 20th 21P, November 20th 18P. Break Even: 18.63by NaughtyPines5
OPENING (IRA): SLV NOVEMBER 20TH 18 SHORT PUT... for a .46/contract credit. Notes: 30-day at 52% with expiry-specific implied at 55.4%. Adding to my SLV (See Post Below) to establish a precious metals position in my IRA that is more scalable than GLD. I'd ordinarily ladder out here, but there's no December monthly. Break even: 17.54.by NaughtyPines3
SLV - one possible wave countDear EW experts, please chime in with your insights for our members here. The count since the July take-off seems reasonable to me as one scenario. Appreciate everyone's feedback/insights. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. by hanzhao311336
Silver Trust SLV updateHit my target for this correction. Expecting ~20 right now. More bullish above ~22.85Short00:41by cryptowaveman1
silver at critical level 61.8 FB retracement level. if this level hold it would be the completion of the wave 2 since the take-off. SLV support at 20.96 (61.8% of the FB retracement, wave 2 correction normally would end at around 60% retracement) Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. by hanzhao3115
This represents a serious breakdown for silver (SLV)As I expect many others have commented on, this breakdown from the consolidating triangle bodes ill and represents the correction and reversion to mean I've been expecting in precious metals. I am still very bullish long-term but please watch the cup and handle pattern in gold to ensure it sticks, otherwise something more serious is afoot. What worry's me also is the shortness of the tail so I definitely expect this to fall further!Shortby DanjaZown442
$SLV - Pennant on Daily Resolved Bearish ! Headed Much Lower !As we can see from the above daily chart of the Silver ETF, the nail biting pennant that has formed over the past few weeks and kept us all on the edge of our seat - along with GLD - has resolved bearish with todays move. Target is $18 - $19.Shortby PoolGuyFinancial1