SLV trade ideas
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.
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!
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.
SLV to jump highSLV to climb higher and higher. We are in an upswing and it should continue for a while.
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.
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.
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 levels
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 etc
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 on
23.5 seems like the pivotover 23.5 we can potentially see some 1000% returns on the weekly calls , again ;) patience !
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.
SLV looking promisingSLV broke out of a 2 week base/consolidation. Could get some momentum going here.
Like it long as long as it stays above the box.
Silver island reversal confirmed on 30 minutes chart, for nowI have been bearish on silver since a while ago with a few post outlining negative divergences. looks like we did have a October top as of last Friday. We will closely monitor to see if the trend will continue on the downside, until at least early to mid December......
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.
Long Silver herefaked a sellout. As usually those fakes are usually followed through with lots of people shorting and/or exiting off Silver. Hence the recent rise in SI, ES, NQ. Those should continue as a "NEW" bullish wave started. This wave should last between now and possible election if it can stretch that long.
Long Silver earlier this morning
OPENING (IRA): SLV JANUARY 15TH 18.5 SHORT PUT... for .48/contract.
Notes: Selling some more SLV (30-day at 47.7%), as well as collating my "ladder" into a single post. Will add in a December monthly "rung" once that becomes available, assuming the volatility hangs in there. Collected 1.74/contract in total.
Here's the way I look at this trade relative to one put on in GLD:
Currently, GLD is trading at 178.16, SLV at 22.65, so GLD is about 8 times the notional value of SLV here. The November 20th GLD 15 delta 184 strike is paying 1.14; the November 20th SLV 14 delta strike at 19. .31 and 8 x .31 = 2.48. Consequently, you're getting more than 2 x "bang for your buck" in risk premium as a function of stock price in SLV than GLD here, primarily due to the differential between SLV 30-day IV at 47.7% versus GLD's 20.4%.
SLV - if it looks like a bear.....This correction has certainly been difficult to deal with. I've outlined two possible scenarios, though I lean more towards the bearish one. If SLV breaks the multi-month (magenta-colored) support line, I'd say we're heading down towards th e~$17.50 level where there is also a volume-defined base. However, if the support holds, we could get a "W" shaped ST recovery and continue the bull trend.
SLV Long over $24.24AMEX:SLV Expecting some trouble ahead at $24.24 but once we clear that, we should re-test $27.
MACD crossing over and curling back up points to bullish momentum.
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