Silver and the Election Silver has historically thrived under Democratic presidents, and I think this will be no different this time around if (or when) Biden wins. SLV seemed to recover the last 2 days of this week on riding the trendline that's been dating back to March of this year. I'm going to be watching 24.25 as resistance this week with possible upside of 25.50's in the short term run. I am long on SLV and hoping we can see similar levels we saw in 2012 - at the 35's. by itsmiguelsolPublished 2
SLV finally cleared key pivotAfter a fake breakdown SLV has recovered and cleared my buy point of 23.50. As I have posted numerous times, precious metals are very are to trade as they are manipulated and jump around a lot. Best for buy and hold trades. I see the recent price action as bullish. Strength above 23.50 is positive. See previous post.Longby WadeYendallPublished 443
SLV January 2021 range forecast $29.92 - $32.17Silver is in two metal categories. It is considered a precious metal used in jewelry and coins. And it's an industrial metal because it is the best thermal & electrical conductor ideal for electronic technology devices. Yesterday, on November 5th, The Federal Reserve voted to keep short-term borrowing rates anchored in a range between 0%-0.25%. Economic activity remains “well below” levels prior to the coronavirus pandemic, the Fed’s post-meeting statement said. Fed officials have been vocal about the need for more fiscal and possibly additional monetary support. With technology demand rising and inflation forecast rising, silver is well positioned for gaining value into the future. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action Volume average Trend momentum Current events Revenue & Earnings Debt / Cash Book value 7 Common mistakes: FOMO +5% portfolio trades Bad risk management Emotions & Opinions Lack of planning & discipline Forgetting restraint Repetitive errors 7 Important tools: Trading View app Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books Brokerage UI Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price www.tradingview.com Longby Options360Published 337
#SLV Almost Ready for the Continuation#SLV Setting up a bullish pennant on weekly and daily time frames. High volume run ups are usually followed by a period of consolidation before a continuation/reversal. Once silver breaks above the upper trendline and clears 23.55, SLV should start its move to $30+ by the end of the year. This is just the start for silver and gold and if it isn't a part of your portfolio yet, I'd strongly consider it. Do your own due diligence as always.Longby Three-Bull-InsightPublished 0
Bullish Flag patternI am thinking about buying some Bull call spread on SLV. Before doing it, I will wait for a clear sign, such as a breakout or higher lows.by benedekdomotorPublished 0
SLVLooking for the 50% retrace from low to high. Looks like a giant bull flag. Considering $19-20 range SLV, spot Silver ~$20.80 by cazb28xPublished 1
Bull Flag on SLV Weekly ChartBull Flag on SLV Weekly Chart I expect a move higher from here within a few weeks.Longby lsimleyPublished 0
SLV - Could Get UglyPerceived channel looks like it might be worthwhile to buy a couple of puts to take advantage of this potential. Preserve cash in case we do get down to 16. Chances are that physicals might not be available at those low prices. If they are, How I'd love to buy physicals for under $20! Those were the good old days. But maybe we will see it again. Shortby Glewis54Published 334
SLV - it's coming!SLV working on the next leg up! Little more consolidation here. Indicators looking good! Resistance ready to give way. Wait for it!Longby BobbySpaPublished 5
SLV Monthly channel and Election year seasonality SLV price pattern resembles year 2012 election year more it looks like. All SLV seasonality regardless of election, Recent 5 years 2015-2019: Oct/Nov/Dec 0.8/-5.1/2.3 Recent 7 years 2013-2019: Oct/Nov/Dec 0.0/-5.5/1.5 Recent 10 years 2010-2019: Oct/Nov/Dec 2.2/-2.6/-0.5 Recent 2 previous election years 2016: Oct/Nov/Dec -6.8/-7.7/-3.5 2012 Oct/Nov/Dec -6.6/3.2/-9.2 Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose. by hanzhao311Published 0
SLV to jump highSLV to climb higher and higher. We are in an upswing and it should continue for a while.Longby frodo75Published 5
SLV into election With the election and fear and intelligence both approaching, smart money will pull out of markets or transfer it into Silver or Gold, two symbolic gestures. With some options activity scanning, these are my predicted lines on Silver. Longby lahirisoumitPublished 2
SLV - premarket breakout?Let's see if this holds. Fib at 23.54. Need some follow thru on volume. Longby BobbySpaUpdated 113
SLV on watchSLV still on watch. See previous post. Silver an gold catching a bid in the overnight session so we'll see where it opens tomorrow. I like it above the box for move into dotted line targets. Longby WadeYendallUpdated 335
SLV silver truststill bullish. target similar. Want to stay above ~$22Long00:34by cryptowavemanPublished 0
Silver View in both casesvery reactive to DXY strenght and overall risk More inclined to retest of highs than lows.. but we will see! Positioning according to levelsby jasperpfPublished 0
SLV 61.8% retracement complete UPDATE#SLV #GLD Caught the bullish trend lines out of a break to the downside from the triangle pattern. Looking for either a break to the upside or downside. Keep an eye on the #DXY. An increase in the value of the dollar will put pressure on all assets including gold, silver, stocks etcby Three-Bull-InsightPublished 0
SLV A Major Breakout Signal?We have a strong dynamic support within this rising channel and we are now at confluence of my three major MA's. Entry signal firing. Let's see how big of a run it goes onLongby DiegoFiboGANNciPublished 111
23.5 seems like the pivotover 23.5 we can potentially see some 1000% returns on the weekly calls , again ;) patience ! Longby Vibranium_CapitalPublished 24
SLV closed at trend lineClosed at just at the trend line and a major confluence point. The trend is clearly down from the 8 hour view. RSI just broke up trend giving a big warning sign. RSI trend breaking is normally a LEADING indicator which could mean trend line break for the price line. SInce this is 8 hour chart it would carry more weight for sure. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose. by hanzhao311Published 0