Blog Archives

Silver Futures Trading with Monster Momentum

The relative strength of silver futures relative to gold is quite amazing to watch in recent months.  The current tape action of silver futures and the silver ETF is almost better than textbook type price action.  Up days are much more frequent than down days, and when an occasional down day does occur it is often in the form of a constructive candlestick formation. 

Read more ›

Posted in Silver Futures
Tags:

Silver Futures about to Go Parabolic

A huge huge development occurred yesterday in the SLV ETF and the silver futures market.  The SLV blasted higher to a new 52 week high on a big surge in volume.  This now appears to be a clear signal that the SLV ETF is going into parabolic mode and could imply a move to 50 dollars which is near the old spike high of the 1980’s. 

Read more ›

Posted in Commodity ETF, ETFS, Silver Futures
Tags:

SLV Silver ETF at the Moment of Truth

The SLV silver ETF has powered back very close to its old all time high range of 30 and is at a crucial juncture right now.  There have been some top calls in both the gold and silver market lately and with good reason.  Both metals have made astonishing moves since their late August 2010 pivot points.

Read more ›

Posted in Commodity ETF, Silver Futures
Tags:

iShares Silver Trust ETF SLV Coiling Up in a Symmetrical Triangle

The long term iShares Silver Trust (ETF) monthly price chart of the silver ETF is showing that it is compressing into a 9 month symmetrical triangle that also appears to be the right shoulder of a much larger head and shoulders bottoming pattern.

If the iShares Silver Trust (ETF) can get a move going to 18.60 and higher during the month of September 2010 it could suggest that this metal has entered a breakout mode from a very large head and shoulders bottoming pattern and also a breakout from a 9 month symmetrical triangle.

Read more ›

Posted in Commodities, Commodity ETF, Silver Futures
Tags:

Silver Futures Looking Extremely Bullish next 6 to 12 months

If I am starting to sound somewhat repetitive, I am doing it on purpose.  Here at Best Online Trades I like to try to focus on the best risk reward scenarios at any given time.  Sometimes they are short term scenarios, other times longer term scenarios.

What has me very keen and interested right now is the precious metals sector. 

Read more ›

Posted in Commodities, Long Term Charts, Long Term Trading, Market Timing, Silver Futures
Tags:

SLV Silver ETF does a Confirmed Breakout from Inverse Head and Shoulders

slvetf20090908

The SLV ETF did a confirmed breakout from the large inverse head and shoulders pattern that has been forming for quite a long time.

This is significant because it is basically saying that silver should now be in a new longer term uptrend.

Read more ›

Posted in ETFS, Silver Futures
Tags:

Spot Silver and Silver Futures Headed for Upside Breakout in September

spotsilverchart

This monthly chart of the spot silver price is saying that the price of silver and silver futures are going to break out topside in September – October time frame.  The silver price has consolidated into a down slanting head and shoulders bottom formation.  The monthly MACD is about to cross north and price is currently holding steady in the 14 range.

Read more ›

Posted in Market Timing, Silver Futures
Tags:

s2Member®