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SLV

💿 iShares Silver Trust | Aims $26, $33 and $44iShares Silver Trust (SLV) is developing a strong bullish bias based on this long-term, monthly, chart. First, Silver peaked in April 2011 (left side of the chart). This is followed by a strong bear market that hit a low in December 2015. This low is tested again March 2020 thanks to Covid. The whole period from late 2015 to early 2020 can be considered a consolidation phase. After the March 2020 low, which set the lowest price since February 2009, a new bullish wave develops. With a higher low set in September 2022 and now strong bullish action/signals developing, Silver is aiming at a higher high. The targets based on Fib. proportions together with EW theory go as follow: 1) $23.4 2) $29.6 3) $33.3 4) $43.8 This setup is invalidated with a monthly close below $13.0. This is super-long-term. Thank you for reading. Namaste.
AMEX:SLVLong
by MasterAnanda
10
AW Silver Long Trade Idea - Based On The Silver and Gold Video..Just another updated long trade idea now that we have confirmation. I will link the Silver and Gold Video down below so you can see what this idea is based on. Trade Parameters: ENTRY: At Market. STOP: $19,894. TARGET: $46 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
FX_IDC:XAGUSDLong
by AriasWave
AW Silver Long Trade Idea - Based On The Silver and Gold Video..This long trade idea is based on the latest video - THE SILVER & GOLD VIDEO linked below in related ideas. Silver has printed some very clear waves over the last few years and is getting ready for a nice move up. I do not believe Silver will make a new all-time-high in this run up, so shorting at the highs is encouraged. Only trade these moves if you understand the waves especially AriasWave because that is what this idea is based on. I created AriasWave methodology for this specific reason, so that you know what comes next. Confirmation for this move up will come in at break of 21.30. ENTRY: 21.30 (Or at Market) STOP: 18.00 (Critical Support) OR The Low Once 21.30 is surpassed. TARGET: $46.00 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
FX_IDC:XAGUSDLong
by AriasWave
AW Analysis - THE SILVER AND GOLD VIDEO...In this video I explain exactly what I believe is going on in the grand scheme of things. Everything you have been told about precious metals is a lie. Believe it or not, the waves are going to do what the waves will do. I believe that looking at precious metals as a safe haven asset is a fool's game. Humans will always come up with different reasons why it's a good idea to do anything. You could convince young traders that a warship is their mother. Check it out, let me know what you think. Learn the waves, it will be the best thing you ever did for your trading abilities. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
OANDA:XAUUSD
by AriasWave
SILVER Bounce from Support?!Here we are looking at SILVER on the Weekly TF… As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines. Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and ascending support 3 times (so far). Currently, SILVER is on its way to that support, and I expect it to reach that line soon (relative to the weekly TF candles). While it’s still too early to definitively say, I do believe that SILVER will bounce from support, and make another run to resistance in another attempt to breakout to the upside. 
What do you think SILVER will do next? Let me know in the comments! Cheers!
TVC:SILVERLong
by GarethSolowayOfficial
4
Have Gold and Silver bottomed? What do charts tell us?Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well. After its rally since its November bottom, it finally pulled back and got into crucial support. To me, it's critical support because that's where the market topped before the last leg down, and a level around which it chopped for a while before breaking out at the beginning of the year. These levels are also crucial because they acted as resistance in 2011-2012, while this is an area the market traded at for a long time. Gold went in a relatively short period, from oversold, to overbought to back into a fair price (all on the weekly chart timeframe). It looks like it will aim for the 2100 level to sweep the double top that formed right after the Russian invasion, as the current structure doesn't look bearish. It feels pretty unlikely that we will get prices lower than 1700 before we take out the highs first. I would consider a close below 1700 a significantly bearish signal, but until then, I see the market as bullish. As it is now at the yearly pivot, it might have one last dip to fill some of the gaps lower and then start aiming for all the higher gaps, along with the double top, as such blatant double tops tend to be broken. Silver seems to be in a somewhat similar position. Silver has a double top created much more recently and has significant gaps to the upside. In my previous ideas, I discussed Silver going up to 24 and topping around that level. My longs worked, but I never shorted, and I am okay that I didn't because it took the trade a long time to work. Timing in trading matters, and you can't be in a short trade like this for too long. In this case, the market bottomed at massive support, bounced, had a healthy correction, and is now getting closer to support again. The chart is somewhat weird, but I doubt we will see much lower prices before seeing new highs. Both for Gold and Silver, I thought lower prices were possible, but until I see a liquidity crisis begin, I can't call for much lower prices. Both formed excellent bases, especially Silver. Gold to 1300-1400 and Silver to 14-16$ before going higher isn't impossible. However, given what's happening with inflation and the financial system, I doubt it will happen. China and Russia are buying Gold; long-term inflation won't get under control, and the risk of a significant financial crisis is looming. I would say that silver doesn't seem to be in a good situation, mainly due to its industrial demand being heavily impacted and the fact that central banks would only buy gold, not silver. So what's the bull case here for gold and silver? 1. Liquidity cycle turned up. Dollar and rates will come down while money will keep flowing. 2. Tensions among countries leading countries/investors to neutral alternatives. 3. Hedges in case of escalating crises of all sorts. It's possible that due to all the material and labor shortages, investing in stocks isn't ideal. Investing in commodities like Copper might be a better alternative, given their importance in a rapidly changing global economy. Gold and Silver might do very well in an environment of many negative changes but might not outperform some commodities that face major shortages. Below we can see the nice bounce of Copper off support and its clean reclaim of the Yearly pivot. For example, Copper could be one of the great beneficiaries of the transition to the green economy and the Chinese reopening.
OANDA:XAUUSDLong
by BitcoinMacro
SILVER Looking to Bounce Here we are looking at Daily on the Daily TF… We’ll keep this idea brief as it’s pretty simple in its nature. SILVER has seemingly began to bounce from its local support that it formed back in November of 2022. If SILVER can hold this support and continue bounce from here, we can expect further upside to follow… I will continue to update this chart as there are relevant developments for it. Let me know what you think SILVER is going to do next in the comments! Cheers!!
TVC:SILVERLong
by GarethSolowayOfficial
5
Gold is about to breakout above $2k - Here we goThe Fed and US economic data will likely prompt s big move in Gold/Silver over the next 36+ months. My read on the data is that we are starting a price cycle that is similar to 2002~2005 again. Early bullish trending throughout 2002~05 prompted a massive 500% rally in Gold - reaching a peak in 2011. If that happens again from the $1700 support level, we may see Gold reach levels above $11,000 by 2027~28. This is NOT the same market condition as 2019~2022. Follow my research
COMEX:GC1!Long
by BradMatheny
2
What an incredible rally in GOLD from Support - what's next?This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out. Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985. I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that pause/pullback will prompt another $350 upward price phase. If we assume the low of the pullback will be near $1900, then the upper target of the next upward price phase will be $2250+. Eventually, as Gold shifts into a parabolic phase, those $350 price phases will increase.. A. $481 B. $525 C. $566 D. $700 As the speculative phase in precious metals continues, we'll see varying expansion/contraction phases until the peak is reached after 2027~28. Hang tight, this is just getting started. Follow my research.
COMEX:GC1!Long
by BradMatheny
Silver short term pullback and long term bullishSilver had a pretty good run since mid October 2022 after months long of price consolidation. It has been moving in a upward parallel channel since mid November. It has hit a key resistance level at $24.5 (Red Line) and failed to break out multiple times since Dec last two weeks.. Today the lower channel line got breached and if fails to get back into the channel , I see Silver might test the $22.38 support level near term and consolidate sideways for some time to build momentum. Failure to hold the $22.38 level will take it to $20.8 support level. If Silver manages to get back into parallel channel and break $24.5 resistance level, next target would be $26.3 Let me know your thoughts in comments.
COMEX:SI1!
by gmaster29
Silver W/ topping tail and possible pullback.What we are looking at here is the CFD on Silver on the Daily TF. We are looking at a downward slopping trend line (top yellow line) that is acting as resistance. Towards the end of the downward slopping trendline you will see a purple box which incases a potential topping tail. If this is a true topping tail (we will know at the close), combined with the resistance of the downward slopping trend line, creates a short term pull back. The pullback that is being created will hit support at the convergence of the Orange Line (first support) and the bottom Yellow Line). Where these two lines converge is also a 3.86 Fib retrace and a $22.00 dollar even number. I will be watching this closely to see if this is a true topping tail so that way I can time my entry and exit. What do you thing will happen when the stock hits the support, do you think it is going to create a bounce or is it going to break through for more downside? This is not financial advice.
TVC:SILVER
by GarethSolowayOfficial
6
Silver is gearing for a move up, but is it ready?Silver had a huge move up in 2020, but that was all it managed to do back then. Since its first significant peak in August 2020, it went sideways and started declining. Silver was in a big bear market since 2011, then entered an accumulation range, and then had its capitulation move in March 2020. Then with all the fiscal stimulus, it skyrocketed, but most capital flowed into crypto and stocks, not precious metals. As inflation remains high and interest rates could be near their peak, and investment in metal miners has gone down a lot over the last decade, this precious metal that seems to have lost its shine might be ready to shine again. It looks like silver had a very healthy pullback into the top band of its accumulation range. Now resistance seems to have turned into support, and the market could head toward 24$ in the next few months. The truth is that I don't believe that the market has fully bottomed yet, although it could very well have, and that eventually, it will have on final leg down towards 16$ and bottom there. The main reason I think that has to do with how the market bottom is that there are two double bottoms around 17-18, and there is a little 'gap' at 16. Essentially I would like to see the market test 16$ because I want to see it thoroughly test that untested breakout, the Yearly S3 Pivot, and the Volume Profile Point of Control. Another reason that I think the market will go down there again is that I expect a major deflationary episode to take place in 2023, one that has the potential to create a liquidity squeeze (risk asset collapse) that would affect precious metals too. In my opinion, the current move up in Gold, Copper, Silver, etc., mostly has to do with low production/inventories of metals, while demand seems to have bottomed in the short term. Eventually, the market will get crushed again, but I think the bounce has legs for now. Therefore it would make sense to look for longs in the 16-20$ zone and take profits in the 21.7-24$ area. Shorting 24$ might be a good idea, but I would prefer to watch how the price action develops before I step in.
COMEX:SI1!
by BitcoinMacro