Understanding Charts - Part 1To start your trading journey you're going to have to understand charts. This session looks at types of chart (specifically line and candle charts), different timescales and what the benefit of that is for you the trader Educationby AnywhereTrader2
Time for a pirate adventure! (Part 2)Looks like we have navigated through some treacherous waters. Onward to the treasure! Longby supere225
Has the ascending channel for SLV finally been set?Todays action in Silver (SLV) was nothing short of earth-shattering. Several overhead resistances were smashed and this paves the way for some very bullish action for the shiny metal. The large ascending channel has now finally come into view with this move I hope everyone allocates as appropriate! I would recommend SLV for long-term holds as this ETF decays less over time.Longby DanjaZown115
SLV Clouds Rain WealthA Silver Opportunity Upon Us -Money printing in one form or another initiated around the bottom of the 2008 stock and RE market collapse -Silver, gold, and bitcoin printing couldn’t keep pace…because they don’t work like that -If you were in almost all USD at the time (like me), you didn’t get your slice of the free money pie and your retirement account took a massive haircut that hasn’t recovered on an inflation adjusted basis -Fed balance sheet tapering was a 20y plan to run off the QE purchases. It didn’t work and barely reduced the balance. It stopped last week alongside the Fed Funds rate cut. -The stock market priced in .50 bps rate cut; Powell only gave it .25 and it’s throwing a fit. Expect more to follow and sooner than planned. -Several MSM financial publications came out this morning highlighting not only the need to make near-worthless money cheaper, but another round of QE as well. POTUS is calling for it. Gold bugs are being installed at the Fed. The rest of the developed world is already at zero or negative rates. -This is an inflationary freight train heading your way. The socioeconomic ladder will consist of those that dodged it and those who didn’t. This doesn’t even require trading. Establish a portfolio of cash/silver/gold/bitcoin (if you agree, that is…this isn’t financial advice) at 25% each (just a baseline – balance in accordance with your research and projection) and re-balance quarterly for the next three years. Longby HRoark64117
Silver extremely bullish!It just touched the moving average and launched like a rocket. Huge volume too.Longby enungrafico2
Possible Cup and Handle continuation pattern printing for SLVPossible Cup and Handle continuation pattern printing for SLV. More pronounced and confirmed on XAGUSD. We'll see if it plays out especially with Fed speak later today.Longby merkd1904222
Silver stopped to take a breath This silver ETF had an awesome couple of weeks. The chart seems to show that it needs to take some air before continuing the race. Mid-long term, it seems to be a clear buy.by enungrafico2
Time for a pirate adventure!Ever dream of being part of a swashbuckling pirate adventure in the search for the 'X' on the map? I have an inkling that this year marks the day where we could get lucky. I've marked the initial 'X' on this map but there could be much greater treasures to find for the courageous. Look to the traditional treasures this year, silver, gold, miner's and a fortune might be found. Trade safe. (On a technical note, observe silver's explosion in volume and RSI strength. It appears to be at least a weekly candle degree move to this pirate, possibly even monthly).Longby supereUpdated 333
Throwback and ignitionI expect this to happen. Would be textbook behavior. It might go higher before executing the throwback, but probably not much. Longby enungrafico113
SLV WAIT FOR CONFIRM SHORT OR LONG POSSIBLESLV false breakout or sideways pattern possibility, wait 2 days. This could be a false breakout, making a SHORT possible in the next 2 days, based on the Intermediate Resistance turned Support level at 15.20(BLUE), based on 4 hits. Otherwise it indicates a LONG toward the next resistance level at 15.90(YELLOW), based on a sideways pattern occurring from Feb `18 to Jun `18 until it broke out. In the case of SHORT watch for Support level 14.80(ORANGE) based on 3 previous hits, and a lower return back to the 1-year major trend-line (WHITE). Shorting possibly all the way down to 14.05.by SwingTrader951
SLV If can't maintain 15 she could go lowerSLV If can't maintain 15 she could go lowerShortby SwingBatter120
Long-term SLV breakoutI've only just noticed this because I'm an idiot, but Silver broke out above a long-term overhead resistance! Of course it is getting a little over extended and a healthy correction is needed, but the subtext of this breakout means a lot for the long-term direction of this precious metal. Longby DanjaZown2
Still inOMG. Silver is on fire. Volumen confirming. If this continues tomorrow, 15.10 is gonna become support.Longby enungrafico2
Pretty good resistance HMM Pretty good resistance HMM needs bypass for me to turn bullishShortby SwingBatter121
Silver Leading GoldEven I have been shocked by SLV's moves lately. I was caught completely unprepared for it which is fine because it makes a signficant part of my portfolio anyway. Its both industrial and precious, but what is peaking my interest now is that SLV might be leading GLD which is bullish for precious metals anyway. In a bull market SLV will eventually take the lead. Is the beginning of it (unlikely in fact), but it is a concept to keep in mind as it works it's way to the upper resistance. Longby DanjaZown115
SLV - Not to be outdone by Gold, Silver making moves of its ownLooking at Silver's weekly chart, it has finally cleared the overhead resistance that's been keeping it down for years. I think long dormant bulls came to life with the Fed's recently stated intention to raise inflation (yes, as backwards as that sounds, that is what was said). Rising inflation = weaker dollar = stronger precious metals. Silver tends to be more volatile than Gold so if this is the bottom with the bulls ready to take the reins, I think this is a great spot for a long position. I will be curious to see how quickly the price action moves past the dotted white line. It has been a strong support area, so it may prove to be an equally strong resistance area. Regardless, I like what I see with Silver and I'm buying the breakout.Longby jpbrown1023Updated 5
ishares silver trust BULL420% from here screenshot this or counter-trade me thnxLongby sterlingSLIVER5
The SLV Lining of Monetary IdiocyHey everyone. The poor man’s gold looks like the deal of the decade at the moment. I know we’re all in a hurry to pick out Lambo interiors during the upcoming LTC and BTC halving cycles, but don’t miss out on this. Top chart: +408% move in the 2009-11 bull market followed by a 72% correction. Sounds eerily familiar, right? More mature asset + more mechanisms by which to suppress price = longer cycles. Markets win on a long enough timeline and price will be discovered when value is realized. No telling if the bottom is in, but it’s just a hair away from 2016 lows and a few bucks off of 2008 prices. Risk seems to the upside. Bottom chart: 1:92.8 gold/silver ratio. This chart goes back to September, 1997 if stretched all the way out. Never been this high and hasn’t spent more than several weeks above 1:80 until late last fall. Maybe nobody wants silver anymore. Like…ever, ever again. Not for redeemable silver certificates…mobile electronics…electric vehicles…batteries…solar cells…antimicrobial properties…something to soak up the next round of cheap money and QE…idk. Not financial advice…do your due diligence. But don’t say nobody told ya. Longby HRoark643
$SLV Short Straddle OpportunityRight now one of the few places to find high IV across the market is in precious metals - gold, silver, and their corresponding miners. I'm still currently short IV and technically Delta short in $GDXJ, but I think IV will join the market overall and will fall in this sector over the coming weeks. The AUG-23 14 Short Straddle on $SLV has breakevens above recent highs and below recent lows, making it an attractive neutral trade.by BpowersCLT0