SLV trade ideas
GLD & SLV trend divergenceIn early 2017 GLD and SLV trends began to diverge. Gold and silver usually track closely but with silver being more volatile and quirky than gold. This might make SLV a better buy if we're going to see a PM rise (given more room to rise), as some are predicting (eg, Sachs turns bullish on gold for the first time in 5 years).
Silver on the Buy Watch list a MUST
Sitting at mid term support, showing long term trend line just below here. Start accumulation but know the trend line is in play and the better spot to FULL load. Don't let this opp pass you buy. I usually hate silver, but she's showing signs of real potential. JPM loading another 1.2m ounces this week, why cause they expect it lower in time?
SLV: One more drop down?Looks like a fairly good triangle in SLV. When price is going down into a triangle most often it continues down at the end of the triangle. Like most patterns we often see what we are looking for. So no guarantee. But would not be surprised to see one more drop in silver. IFFF this occurs may well be a great base for a new bull run. Take care. Have a great week.
SLV: To follow or NOT to follow .. GOLDInteresting descending triangle, wedge formation... when might it break out?
considering it`s seasonality is best in Jan and Feb... it makes matters even more iffy for anything stellar into the 2nd best and descent month of June
Silver Breakout of short term downtrendMore sideways chop in the channel but breaking out of recent short term down trend. Up to the .50 FIB, closing on the .382. There is a lot of VAP in the 16 area not shown on this chart, will take some time and volume to break through that.
SLV Ready to Pop?Hi all - I am brand new to trading view and trading.....can someone critique this SLV chart I prepared. From what I see it it is in a tight and narrow trend and has some real upside if it can break above short and medium term resistance???? Any input would be much appreciated. Thanks
Buying here - SLVLike SLV filling the gap. Been looking for tests here for three-month and three-week tests of previous lows. If we hold up this week, Should be going higher
SLV poised for three-month test of the lowOne pattern I like to follow is a three-period test of the high or low. Should SLV hold this level (15.51) on Wednesday, the end of the month of February, it could be forming the base for a long-term bottom. The intermonth low for December was lower, so price action in March could also fall to test that low (14.74) but the a successful monthly close is a long-term positive. Of note is that there is also a three-week test of the low next week. This is very reminiscent of the Feb 2016 low in SPX, with a weekly and monthly test occurring around the same time. We all know what followed after that.
Contracting WedgeHi guys. Here's another pattern chart from your modest trade partner and imho. As always have a nice day.
Megaphone + BullflagHi guys. I was expecting more strength from silver today but in my humble opinion it's still strong enough to float up next week. Have a nice weekend.
50% ConfluenceHi guys. It was a pretty good drop and probably an exaggerated one taking into account the recent rally. I'm cautiously entering a very short term position here off the 50% retracement zone. The probabilities should be pretty good. Thank you for taking a look.
Long SLVNote the RSI in the way oversold territory, each time this has happened there has been a large bounce in SLV. Expecting the same.
BOL!
SLV poised for breakout to 19-21 levelSLV has met resistance at the 200 week moving average (16.23) but may be headed for a move higher if a proposed Elliot Wave count plays out. After a big move down, approximately 35 points, SLV appears to made a leg higher followed by support above the previous major low. This could indicate wave 2 of an Elliot Wave move. The current wave 3 move appears to be entering wave 2 of 3. A breakout above the 16.25 level could result in a wave 3 of a larger wave three move, generally more powerful. Fib retracements indicate SLV could run to 21, 26, 30, etc.
SilverWanting to enter above 16, can see a nice run
and then waiting to get out on purple entries....
