SILVER Multi year Breakout in the works. SLV /SI

4 Jun

SLV – Silver Setting Up for a Multi-Year Breakout
Silver is quietly coiling under a major 10+ year breakout level, and SLV is right in the center of it — with a powerful setup developing.

🔹 Long-Term Breakout Level: $31.75

SLV is pressing up against $31.75, a key breakout spot that hasn't been breached in over a decade.

We're currently printing two inside days following a power candle — classic tension-building price action.

🔹 Sector Tailwinds

Gold (GLD) is up over 1% today — if silver catches up, SLV could explode.

A green day here could confirm the strength we need to trigger a move through that decade-level resistance.

🔹 My Trade Plan:
1️⃣ Initial Entry: Looking to go red-to-green on today’s candle.
2️⃣ Add on Confirmation: Double up on a clean breakout over $31.75.
3️⃣ Execution: Using a mix of SLV calls and /SI silver futures contracts to capture the move.
4️⃣ Stop: Below inside day lows or Friday’s low depending on the entry timing.

Why I Like This Setup:

Massive long-term breakout on deck = explosive potential.

Inside days = tight risk, big reward.

Sector momentum is lining up with a clean, tradable chart pattern.

5 Jun

Dagangan aktif

The breakout is starting. both si and slv are breaking through

23 Jul

Nota

We are starting to get to some levels where I think its prudent to look into some scales. I want to sell half of this as we get closer to 40 and get back into gld and gold