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bryanrg
May 15, 2018 6:22 AM

Extremely Bullish Silver XAGUSD SLV Long

iShares Silver TrustArca

Description

Been watching Silver since the beginning of 2018, price action has been extremely bullish.. a lot of traders are short at these historical levels.
Comments
MichaelNorris77
On the SLV daily charts, we are still consolidated channel. We have already made 6-7 hits on this channel. Pricing gaps of 4/18 and today make it more difficult to read. (Just the big whales throwing around price to meet their desires.) The daily close of the next couple of days should be interesting. Hopefully we can have a higher low on the daily!
bryanrg
I like the options play here, implied volatility is very low. Some long calls dated out 6+ months are a great risk reward. @MichaelNorris77
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