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Comprehensive non-correlated Ishares Silver Trust $SLV Trading Report

Oct 17, 2020 (Stock Traders Daily via COMTEX) --

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 18.04
P2 22.04 22.37 21.66
P3 22.80 23.21 25.56

Long Term Trading Plans for SLV

October 17, 2020, 3:30 am ET

The Technical Summary and Trading Plans for SLV help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SLV Report.

SLV - (Long) Support Plan

The technical summary data tells us to buy SLV near 21.66 with an upside target of 25.56. This data also tells us to set a stop loss @ 21.6 to protect against excessive loss in case the stock begins to move against the trade. 21.66 is the first level of support below 22.42 , and by rule, any test of support is a buy signal. In this case, support 21.66 is being tested, a buy signal would exist.

SLV - (Short) Resistance Plan

The technical summary data is suggesting a short of SLV as it gets near 25.56 with a downside target of 21.66. We should have a stop loss in place at 25.63 though. 25.56 is the first level of resistance above 22.42, and by rule, any test of resistance is a short signal. In this case, if resistance 25.56 is being tested, a short signal would exist.

SLV Long Term Analysis

SLV Dividend Chart

SLV PE chart

SLV PEG chart
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