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ISHARES SILVER TRUSTISHARES SILVER TRUSTISHARES SILVER TRUST

ISHARES SILVER TRUST

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SLV trade ideas

Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year.
AMEX:SLVLong
by EmptyEternity
1
$2.63 Mil on Silver?!Silver 5/22/2024 Exp Silver has been on a surge so far this month, rising 20.54% from the beginning of May. This previous friday an option order totalling $2.63 Mil came in for AMEX:SLV targeting the $28 strike expiring on 5/22. The problem with this order is it is way too enormous for the ticker causing the market makers (dealers) major issues if price continues any higher. The plan for this trade is to hedge (go against) the original trade, taking the ITM $29 Puts for 5/22. The price expectations for AMEX:SLV coming into the 5/22 expiration are $30.13 to the upside and $27.47 to the downside. Liquidity zones will lay at both the expected moves. The $29/28 strike has a huge Call wall forcing the dealers to sell at that price.
AMEX:SLVShort
by OakFDom
$SLV ETF Inverse Head & Shoulders Pattern & Fibonacci ResistanceAMEX:SLV ETF Inverse Head & Shoulders Pattern & 50% Fibonacci Resistance. Silver will need to consolidate before it can break higher to the blue line. The Inverse Head & Shoulders (IHS) pattern is a bullish reversal pattern in technical analysis, typically appearing at the end of a downtrend. It is characterized by three distinct lows: 1. **Left Shoulder:** The initial low formed during the downtrend. 2. **Head:** A lower low, signifying a continuation of the downtrend but also a potential reversal point. 3. **Right Shoulder:** Another low, typically higher than the head, indicating weakening downward pressure. The neckline of the IHS pattern is a resistance level drawn by connecting the highs between the left shoulder and head, and the head and right shoulder. When the price breaks above this neckline, it confirms the pattern and signals a potential reversal to an uptrend. Traders often use the IHS pattern in conjunction with Fibonacci retracement levels to determine potential price targets. After the neckline breakout, the price is likely to retrace a portion of the initial move up before continuing higher. Common Fibonacci retracement levels used are 38.2%, 50%, and 61.8%. **Here's how the Inverse Head & Shoulders pattern and Fibonacci resistance work together:** 1. **Identify the IHS Pattern:** Locate the left shoulder, head, right shoulder, and neckline on a price chart. 2. **Confirm the Breakout:** Wait for the price to break decisively above the neckline on increasing volume. 3. **Apply Fibonacci Retracement:** Draw Fibonacci retracement levels from the low of the head to the high of the right shoulder. 4. **Set Price Targets:** Look for potential resistance and profit-taking opportunities at the 38.2%, 50%, and 61.8% retracement levels. **Key Points:** * The IHS pattern is a powerful bullish reversal signal. * Fibonacci retracement levels can help identify potential price targets after the breakout. * Traders should always combine the IHS pattern with other technical indicators and risk management strategies to improve their trading decisions. **Disclaimer:** Technical analysis is not a foolproof method for predicting price movements. It's essential to conduct thorough research and consider various factors before making any investment decisions.
AMEX:SLVLong
by AlgoTradeAlert
SLV Skyrockets: Why This Silver ETF Could Be Your Next Big Win!The chart shows a strong bullish trend with a significant breakout above previous resistance levels. The recent price action has formed a robust ascending pattern, supported by higher lows and higher highs, indicating continued upward momentum. Candlestick Patterns: The recent bullish engulfing pattern suggests strong buying pressure, signaling potential further gains. Ichimoku Cloud: The price is well above the Ichimoku cloud, indicating a strong uptrend. The cloud itself is widening, which further supports the bullish sentiment. Current News and Market Sentiment Silver has recently seen increased demand due to its industrial applications and its role as a hedge against economic uncertainties. Current macroeconomic factors, including inflation concerns and geopolitical tensions, have contributed to the bullish momentum in precious metals. Long Position: Entry Point: $28.79 Price Target: $31.00 (near-term), $33.50 (medium-term) Stop Loss: $27.00 (to limit downside risk) Given the strong bullish indicators, entering a long position at the current price can capitalize on the momentum. The target price of $31.00 is based on the next significant resistance level, with a medium-term target of $33.50 reflecting potential continuation of the trend. Short Position: Entry Point: $33.50 (if the price reaches this level, indicating potential overbought conditions) Price Target: $30.00 Stop Loss: $35.00 A short position could be considered if SLV reaches $33.50, as it may indicate overextension and potential for a pullback. This approach requires careful monitoring and timely execution. Conclusion SLV is currently exhibiting strong bullish momentum driven by favorable market conditions and technical indicators. A long position is advisable at the current price with a target of $31.00 and a stop loss at $27.00. Conversely, a short position could be considered at $33.50, targeting a pullback to $30.00. The overall sentiment remains bullish, but traders should remain vigilant for any changes in market dynamics.
AMEX:SLVLong
by AxiomEx
Silver is greatThis a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a SL just for reference but I would buy more if price drops that low (I don't think that will happen anytime soon). Check my previous post on silver down below.
AMEX:SLVLong
by ArturoL
SLV remain long term bearishThe shooting star candle on the weekly last week points to weakness at least in the short term. The question is: is this just a short-term pullback (blue arrow) or it's the top for a long-term correction (yellow arrow)? Looking at the RSI on the monthly and weekly, it has never taken the top of the peak and the rally from the bottom has been in 3 waves. I highly suspect that this is just a wxy corrective bounce and is the beginning of a long-term pullback. But we should also watch TVC:DXY by then to see if it continues to go up
AMEX:SLVShort
by TraderBwater
Silver Squeeze Meme AGAIN? Do not get tricked!AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again. Watch my video from 2021 and do the research on Google News yourself! Wait for the price action confirmation that I talk about in this video! Do not get tricked! COMEX:SI1! COMEX:GC1!
AMEX:SLV
by norok
5
Silver bullish break out, mid 30s target, 50-60 potentialIts taken a long time, but silver has finally shown life toward the upside. Bullish moves in silver have taken 8-10 years in the past to fully play out. If 2020 marks the beginning of the bullish move, then this move could last until 2030. Bullish head and shoulders pattern could target silver to the mid 30s level. If silver shows continued strength, then the 50 level will be a simple target for investors to eye and aim at. Macro news is the concerns of geo politics and delayed rate cuts due to higher inflationary costs. Flight to safety is good for precious metals and inflation concerns make metals attractive as a inflation hedge.
AMEX:SLVLong
by optionfarmers
1
$SLV Silver Inverse Head & Shoulders Weekly ChartAMEX:SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the price likely to move higher after the formation is complete. Traders often look for a breakout above the neckline, which serves as confirmation of the pattern and a potential entry point for long positions. The pattern is considered invalidated if the price breaks below the lowest point of the pattern.
AMEX:SLVLong
by AlgoTradeAlert
SLV: Bullish Head and Shoulders and Piercing Line on the WeeklyThere is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend should continue). I will be getting the ITM Calls, expiring April 19th.
AMEX:SLVLong
by RizeSenpai