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SPROTT PHYSICAL SILVER TRUSTSPROTT PHYSICAL SILVER TRUSTSPROTT PHYSICAL SILVER TRUST

SPROTT PHYSICAL SILVER TRUST

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PSLV trade ideas

Mining And Particularly Silver Are Showing StrengthWith the rest of the market up and down there are a few places we can look that are providing strength. Utilities, particularly water and mining (especially silver). PSLV doesn't actually mine but they do hold and store physical silver. We have our normal touch of the Keltner channel with return to the 20 ema. A failed momentum push to the downside followed by a bull bar as an inside bar. I think buying above it may prove to be profitable.
AMEX:PSLVLong
by JoeRodTrades
PSLV silver ETVNot much else to say except a buy zone near 3200 and .382 chosen from % Target for $PSLV is 31$ .... Sprott etv's are heavily weighted to the price of silver, which for decades has been accumulating in extremely complex impulses and wxyxz corrections. The book that I learned wave principle from contained a late 1970's prediction based on the massive abcdefgh...... triangle that had been forming a failure to break the green 200ma would be my indication that it's actually time for silver. None of this has to do with anything you think you heard anywhere else about silver. You don't need to know any of it to understand that any chart can be traded 100% on technical analysis on any time frame... The price of silver has hardly ever spent time over 15$ in its lifespan, and expect it to stay at this price level for an extremely long time in order for these patterns to complete
AMEX:PSLVLong
by williamdas
1
Chart of premium/discount of PSLV, and volume ratioThe top of this chart is the ratio of PSLV price to XAGUSD (Silver spot price). PSLV holds 0.361 Ozs of silver per share/unit. Lines are drawn for P/NAV=1, and at 1 and 2% premium levels. Since PSLV is a closed end fund, it may trade at a premium. However, PSLV has a shelf offer allowing them to add shares/silver, which they have been doing. By viewing the data in this form, you can guess at when they are adding shares (price drops due to the new supply) If adding PSLV, chart can be used to find good times to buy (when shares are being added), and avoid paying high premiums. The bottom of this chart is the ratio of PSLV shares traded to SLV shares traded, normalized by the ounces per share for each fund. I.e. it is the ratio of silver traded for each fund. High volumes for PSLV correlated with a premium decrease on the top chart generally indicate shares/silver are being added Growing volume indicates a growing market preference for PSLV over SLV Chart is an EMA - the periods of the EMA can be changed to provide more or less smoothing EMA is used rather than an MA to reduce lag
AMEX:PSLVShort
by forsytjr
An option to consider for the Silver tradePSLV is another vehicle I'm using for my long silver trades. I like it because it it redeemable for physical silver in small increment than SLV and the share price is lower. More or less identical chart to SLV and looking like it may gap up tomorrow by 4-5 %. Resistance should be found in the 10 - 10.50 range. Look for a pullback entry or wait for price to consolidate and break higher. Targets would be 11/13.50/16.50. Best for a longer term hold as it may chop around.
AMEX:PSLVLong
by WadeYendall
5
PSLV Schedule Accelerated?A potential cup and handle pattern was forming around a possible wave 2/wave 3 transition that would have finished in a bigger move that roughly lined up with $50 silver around the end of the year. The initial move off the March low didn't follow fib levels but does resemble a 5 wave move followed by some consolidation so it was primed for a move which is the basis for the wave 1 theory. Wave 2 bounced to plan then fell back but held the 61.8. But now the silver squeeze is gonna rocket this for at least a couple of days then there could be a violent retrace smashing the cup and handle to pieces. The wave 3 range had plenty of room for some major volitility so the long gane is still on. First publish, so probabaly rubbish.
AMEX:PSLVLong
by g-man_