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Why Investors in Ishares Silver Trust #SLV Consider Price Action to be a Tell

Apr 29, 2021 (Stock Traders Daily via COMTEX) --

A tell is a precursor of a stock's next move, and #investors in Ishares Silver Trust (NYSE: SLV) look for these #indicators all the time. the good news is, tells are there for investors to see every day. For example, we have provided this data for SLV in the trading plans and summary table offered below. The tell is described there, for you to review. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 23.43
P2 24.15 24.23 26.24
P3 24.42 24.72 29.61

Long Term Trading Plans for SLV

April 29, 2021, 2:00 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 23.43 with an upside target of 26.24. This data also tells us to set a stop loss @ 23.36 to protect against excessive loss in case the stock begins to move against the trade. 23.43 is the first level of support below 24.4 , and by rule, any test of support is a buy signal. In this case, support 23.43 would be being tested, so a buy signal would exist.

SLV - (Short) Resistance Plan

The technical summary data is suggesting a short of SLV as it gets near 26.24 with a downside target of 23.43. We should have a stop loss in place at 26.32though. 26.24 is the first level of resistance above 24.4, and by rule, any test of resistance is a short signal. In this case, if resistance 26.24 is being tested, so a short signal would exist.

SLV Long Term Analysis for April 29 2021

SLV Dividend Chart for April 29 2021

SLV PE chart for April 29 2021

SLV PEG chart for April 29 2021
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