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SLV

Silver finds support at $16.2Silver finds support at $16.2. COT futures data show that the Commercial Trader Short/Long Ratio is down to 1.23. This is a strong buy signal. The COT data can be seen on barchartdotcom and goldseekdotcom. Since USD has shown a lot of strength recently, it is reasonable to cost average smaller positions into this over the next 4-8 weeks. I am long 1 silver future and will open a half position in USLV in my 401k today. SLV is a 1x long etf. USLV is a 3x long etf with an average volume of 2.9 million shares so it is highly liquid.
OANDA:XAGUSDLong
by haug01
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.
AMEX:SLVLong
by Glewis54
Why Should We Say OUT OF FOREX and Same Stuff !When we look at the chart. We expect a strong rally or fall because of the price action. Price in the same areas so bollinger bands are squeezing. But !!! Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God. Life time and price is same.. So Stay away from forex and other leveraged and date expiry stuff. IF you wanna buy something. Buy it. Not forex. Because you buy it and have it put in a safe... Forex stuff will be in fire in a time later and you lose everything. Buy it like bar coin 1 kg sillver bar like that. Buy it put in your house. Do not burn your money. Good LUCK..
FX:XAGUSDEducation
by UnknownUnicorn467863
3
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.
AMEX:SLVLong
by Glewis54
SIlver Vs Bitcoin wyckoff LogicI find the biggest successes in my investment / long term trades coming from looking at repeating cycles of similar assets coupled with fundamental analysis. Markets typically act with the same logic as explained by Wyckoff - i suggest further reading for those of you who are not familiar with his market hypothesis. I thought i would share this, both because i am fond of both markets but also because of the similarities between the two charts. Bitcoin enjoyed a fantastic run up in 2013 and we know what happened following - a long painful year period of sell off, followed by a consolidation down to the $200 range, and well, the rest is history - to $20k in the following two years. Silver experienced a slower but still phenomenal run up mid 2010 - 2011 and has since been trying to find a bottom. looking at the two charts i would say that it is fair to say that there is a similarity between the two. To me, it appears that silver is very much in the accumulation phase and looks like it is starting to show bullish signs. Silver is a much more mature market and typically will move slower, which has both is advantages and disadvantages. I play both markets and am unbiased as a result, but i think that it appears that silver and indeed other commodities/precious metals look good to go to enter the mark up phase after a long markdown / accumulation time. We shall see. Best filbfilb
TVC:SILVERLong
by filbfilb
11