Silver's trend is forming a symmetrical triangle and may be gradually swinging upwards. Given intense market volatility, an upward breakout seems more likely.
Market cycle is about to restart, consolidation and accumulation has been consistent for several months now and it looks ready to burst out of this wedge soon. Lets look for more volume but this could be a great relatively safe play
after pullback of the trade price will advance up a lot because the price will be at the lovest point of the rang there is a visible triangle, but unfortunatly I move the stop loss into the zone and was kiked out.
... for an .79/contract credit. Taking a directional shot here on silver weakness. In essence, it's a synthetic covered call with the short put aspect of the setup around the 70 delta. The long put is thrown in to bring in buying power effect over the naked for those that are working in a cash secured environment. On margin, you won't be saving much in buying...
Silver - still a good entry point as the last couple days, and moving up from the bottom of its range. There is a whole, whole lot going on in the silver (and gold) story, but that's another article. For now I'd like to point out some action on the SLV 's chart. Silver has been bouncing in a tight range for much of 2018. Buying in the low $15's and selling...
Been watching Silver since the beginning of 2018, price action has been extremely bullish.. a lot of traders are short at these historical levels.
Waiting for SLV to come back to long term support at low 15s
Long term downtrend is still intact but things get interesting above $17 for those looking to play bullishly.
Silver is so hated right now that it could have a big technical move. That won't happen until SLV starts outperforming GLD>
Silver shot up to resistance several weeks back but dropped hard testing support. My expectation was that if silver once again failed to break out to a higher high, it could break out of the pennant and drop, building a bear channel. It appears that silver is now set up for another three week test of the high. As the arrows point out, the last three times we...
Silver is sporting the simplest of elliott wave patterns, the ABC and its at the starting gate of the C wave up. Silver should close to double within the next year. # BuySILVERSellCrypto
Otherwise break down to 14s. I think we'll see a break and move out of the descending triangle, but I could be wrong, watch the RSI trendline, MACD at 0.
Investing in $TAHO today with May call options
Weekly showing range bound short term with a little room to downside. Miners haven't shown gains yet with decreasing volatility in silver/gold and moving to positive FCF. Think we'll see miners catch up in the next 1-2 months with prices of precious metals which may stagnate and then it remains to be seen where this goes.
Short term bullish but don't know which way by July/August. Long term trendline holding support, but 50 mma acting as strong resistance past several months, stuck in trading range until it is not. I think we'll see miners move up a bit to July, then not certain of movement. Too many factors
Like gold -0.14% also near decision point. Today's rise closed one gap. One small gap remains around 13.60. If get bearish candle formation here or break of current uptrend line will short. Process your way.