Articles Related to SLV

Mixed Signals In Metals Suggests SOME Caution Going Forward

As I warned in the weekend update, silver was getting a bit overheated and was concerning me about a potential early blow off top. So, the bigger caution issue I am seeing on my charts is now the silver chart. If you remember back in the spring, as I was outlining the potential parabolic rally we were expecting, we based our views upon the 2010-2011 market fractal for its parabolic rally and blow off top. As the market began that rally, we were able to then assign a general target region for that rally, which we placed on the weekly SLV chart.

by Avi Gilburt - 2 months ago

Silver Will Never Come Down Again

The way the silver rally has extended, it sure feels like it will never come down again, especially as many are now suggesting targets of $200 in the near term for silver. But, needless to say, the wave structure is rather full – and then some – for this segment of the rally. And, I still am expecting one more pullback before the final phase of this rally likely takes hold. Yet, for now, after cashing in some of my shorter dated aggressive long positions, I am still holding my final aggressive longer-dated positions (all bought near the October lows, as announced in the trading room) and will simply add to them on the next pullback.

by Avi Gilburt - 2 months ago

Is This The Final Move?

For those that remember early this year, I was strongly urging that we prepare for what will likely be a parabolic run and catch up move in silver. In fact, I attached the “conservative” chart path I laid out in the spring. I even noted at the time that I would not be surprised if the final 5th wave higher would provide us with many $2+ days of rally. And, that is what we are seeing of late.So, of course, this is begging the question “is this the final move higher?”I am still struggling with that answer, as I still think silver has a bigger pullback coming.

by Avi Gilburt - 2 months ago

We Are At Yet Another Metals Inflection Point

I am sending this update out earlier than usual as I believe we are approaching an inflection point now in the metals complex.Based upon the last few week’s price action, it was not easy to maintain an expectation of a bigger (b) wave rally. However, we have now finally seen what I had wanted to see these last few weeks. And, now that we have, we are approaching a test for our primary count.As you know, our primary count had the initial decline in the complex as an (a) wave, with this rally being a (b) wave, which was structured as an a-b-c move higher.

by Avi Gilburt - 3 months ago

Looking For A “Bounce”

We have seen quite the selloff in the metals complex. When the rubber band is stretched to an extreme in one direction, the snap back can be quite painful. And, I tried to warn quite vehemently about a potential for such a reversal, but too many were busy cheerleading.While I was able to identify the blow-off top occurring in real-time last week in gold, we are now down to the initial support regions on our various charts. In GC and GDX, we are now at the lower end of the upper support box. In silver, we almost struck the top of the major support box. And, thus far, all count best as 3-wave declines.

by Avi Gilburt - 4 months ago

The More Things Change, The More They Stay The Same

Not much changes in the bigger picture. As Ecclesiastes noted, there is nothing new under the sun. If you take the time to look back to the last time we struck a major top in the metals (2011), you will see the exact same analysts that were, at that time, claiming that we were only “getting started” with the metals rally, as they were falling over each other claiming higher targets than the next. At the time, the only argument one would see amongst them was how far beyond the 2000 level gold would rally.Well, today, they are lining up in the same way. Many are now calling for levels well exceeding 5000 in gold and 100 in silver.

by Avi Gilburt - 4 months ago

Largest Single Day Decline Since Rally Began

Today gold has experienced the largest single day decline since this rally began. The question of course is if this is the wave iv in blue or if we have finally begun a larger degree correction for wave (4)?As I am writing this update, the market is approaching the top of the support box for the alt iv. That is the 3930 region. We will have to watch this action very carefully in the coming days. As long as all bounces are corrective, we can maintain a reasonable expectation for at least one more decline. That means we can view this as an a-wave decline today, with the expectation of a b-wave corrective bounce.

by Avi Gilburt - 4 months ago

Quick Note On Bigger Picture

For years, we have been expecting silver and GDX to provide a catch up move. And, now they are there. In fact, all charts are now pointing to only one 4th and 5th wave left before this cycle is likely completed.Today, silver seems to be breaking out in the 5th smaller degree wave which will likely complete wave (3) in its long term cycle. Gold is past that, but is now trying to complete its wave (3) in its final 5th, and GDX seems aligned with silver. So, I still very much think it is reasonable to expect a larger degree 4th wave still to come across the board.

by Avi Gilburt - 4 months ago

Is It Finally Pullback Time?

Needless to say, we are overdue for pullback time. And, the best evidence I have of that is in silver.With the market making it clear that it is completing wave 3 of (3), the micro count in that move still suggested we had a bit higher to reach before wave 3 was complete. At this time, I can say that almost all the squiggles are now in place to consider that count as complete. But, as we know, the metals have ralied quite strongly, and we need some confirmatory evidence that we have indeed completed wave 3 and are in progress within wave 4.So, I have added two signal levels on the 8-minute silver chart.

by Avi Gilburt - 5 months ago

My Path Forward In Metals

For those that have followed my work in metals through the years, you would know that we have caught just about every major turn in the charts for many years. And, that is because we follow the structure of the market very closely, as well as apply the standards that have worked for us for the 14 years I have been publishing my metals analysis publicly.Of late, I have been struggling with this action in gold, as while I have been expecting a correction since April, I have been seeking a standard 4th wave formation. Yet, thus far, that is not what we have seen.

by Avi Gilburt - 6 months ago

Updated SLV Weekly Chart

While there are a few things that I can add to the analysis of GDX and GLD today, I wanted to highlight the weekly SLV chart.

by Avi Gilburt - 8 months ago

Gold Looks Toppy - Market Analysis for Apr 2nd, 2025

No, I am not outright bearish of gold. But, I have to point out that it is really looking toppy right now, after quite a nice extension. And, with the MACD on the 60-minute rolling over, well, I really am not sure how much juice this has left in the tank to extend higher.As I noted earlier this week, I would need a sustained break-down below the 284/85 GLD support before we have our first signal that a top of some sort has been struck.For now, I am going to view that top as wave 4 within the c-wave of [v] of v of [3].

by Avi Gilburt - 11 months ago

What Is "No Man's Land" From An Elliott Wave Perspective?

Often times you'll see a support zone on a chart marked with a blue box or the analyst will explicitly write something like "$27.80-$28.66 remains larger support for upside continuation." Additionally you may see a comment like "Alternatively, should price continue down a make a sustained break below $27.09 it would open the door to a wider flat in progress off the May high, which could target a retest of the August low." So, what happens in the space between the lower end of support in this scenario ($27.80) and the signal level for a breakdown ($27.

by Jason Appel - 1 year ago

Sentiment Speaks: Silver Is Set Up To Shine

When I think about the metals market, I chuckle as it has obliterated just about every expectation many have had about what drives the market.We have seen metals decline during a strong inflationary period in 2022, wherein most were expecting it to rally alongside inflation. We have seen metals rally alongside the US Dollar, when most were expecting it to move in the opposite direction to the dollar. And, we have seen rallies surprise many market participants due to a “lack of clear catalyst.”Well, anyone that has followed my work through the years should not be surprised.

by Avi Gilburt - 1 year ago

Silver Breaking Out?

Before I call it a night, I went back to align the counts on SLV and SI due to the potential move through the pivot noted on the 144-minute chart. Please do not take the timing as gospel, as this can happen a LOT faster than this is showing here, especially if we follow the action we saw in 2010-2011. The point of the chart is to show you that if we hold the micro support of the pivot this week then it gives you an idea as to how we are just starting the 3rd wave, and all pullbacks will likely be MUCH smaller as 4th waves from now on.

by Avi Gilburt - 1 year ago

Let It Run - Market Analysis for Apr 3rd, 2024

The metals market has been running quite nicely and we have been enjoying the fruits of our patience. But, I am going to admonish you to not get too cute in your positions. To that end, I will be opening this update with a quote from Jessee Livermore, and closing it with another quote of his as well.“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.

by Avi Gilburt - 1 year ago

Still Looking For A Deeper Pullback To Confirm The Five Up

This past week we saw what can count as five up on Silver, Gold and GDX. The pattern is so far fairly clear in regards to that potential five-up. As Avi noted in the last update while we do have a fairly clean potential five up we still need to see a corrective retrace lower followed by a break back over the previous high to confirm that we are ready to begin the larger degree third wave up. So far we have a bit of divergence in regard to this pullback with Silver pulling back the furthest while GDX has actually exceeded the previous high.

by Mike Golembesky - 1 year ago

Melt-Up Phase May Take A Few More Weeks Before It Is Triggered In Some Charts

Thus far, the metals are making nice progress, as they continue to fill out their bullish set ups. Yet, the moment we are all awaiting is when they trigger into the heart of a 3rd wave. And, we are certainly getting closer. So, let’s look at what we need to see for that to happen.Starting with silver, oddly enough, we still have not cleared the top of wave 2, as presented by the yellow line on the silver charts. Clearly, this still much be done in order to invalidate the yellow count completely. Yet, I can say that the probability of the yellow count at this time seems quite low.

by Avi Gilburt - 2 years ago

Pushed To The Limits

When engaging in trading precious metals, one has to come to realization quite quickly that they are much more volatile than standard equity markets. And, due to this realization, one must learn how to approach this market in a different manner than you would equities.You see, when the metals rally or when they decline, they often push us to the limits of our expectations. When we were topping this past spring, and everyone was so sure that we were going to break out, I kept trying to lower your expectations, as the structure suggested that a larger pullback was likely to be seen first, as we likely needed a 2nd wave before that break out was going to happen.

by Avi Gilburt - 2 years ago

I Don’t Think Silver Is Signaling A Bottom - YET

While I would absolutely love to consider silver as having bottomed now that we have moved through resistance, I have several issues with it, which I will now explain, and then outline how I intend on approaching the market in the coming weeks.First, I want to reiterate again that I have been stressing this to be a bottoming structure. And, if you are interested in a long-term play in the metals complex, this is yet another buying opportunity in the bigger picture.Second, I want to note that we have been attempting to track a more protracted 2nd wave pullback across the board in the various charts I outlined.

by Avi Gilburt - 2 years ago

Expanded 2nd Wave - Market Analysis for Aug 9th, 2023

For those following me through the years, you would know that if the market provides us with a potential bullish count, that is going to be my primary. And, the main reason is because if the market takes off, and we are not ready for it, it is VERY hard to find an entry. However, if the market only meanders to the upside in that structure, we can then lighten up, or also stop out on a break of support, only to re-enter at a lower price. So, as I will continue to handle the metals market as I have in the past.

by Avi Gilburt - 2 years ago

2 Out of 3 Over Pivot

The Passover holiday just ended, so I wanted to get a quick note out regarding the metals. Both GDX and silver are now over their respective pivots. Yet, GLD/GC still are a bit of an issue and can still support one more pullback before the heart of a 3rd wave is confirmed.So, if you are choosing to take more aggressive longs over the pivot in silver and GDX before GC/GLD confirms, you can set tight stops at just below the pivot. At this point in time, if we are indeed in the heart of a 3rd wave, we should not see levels below the pivot.

by Avi Gilburt - 2 years ago

Quick Update In Metals

This may be a bit premature, but let me start preparing you for upside targets if we break out. But, if GC does push a bit higher today, then there is an argument that wave ii may already be done.I have added a major pivot on the GDX chart, and you have had it already on the gold chart. A break out near term will clearly point us to the pivot. But, the wave (3) of 3 target in GDX is a MINIMUM of 38.40, but more likely north of 41.As far as gold, I think wave iii of 3 will likely point us north of 2550, most likely the 2330-2375 region.

by Avi Gilburt - 2 years ago

Metals Market Refuses To Retrace

We have come to yet another metals update wherein I have nothing new to offer. The metals have simply been providing us with a high level consolidation and would still look best with a [c] wave decline.The one thing I did note yesterday was something I discuss every now and then regarding b-waves. When the prior rally comes up short of the ideal target, as we did in silver, we often see the b-wave of the ensuing corrective structure come back to strike that target. And, it looks like that is what we have seen in silver over the last day or so.

by Avi Gilburt - 3 years ago

Upside Pressure For Now

Not much has really changed from the weekend update. But, GC has potential to lead us higher in an impulsive move off the recent low. As you can see from the attached GC chart, I have a potential (i)(ii)i-ii in place on GC. And, if we can hold the blue box of support just below us, and take out the pivot, you can place your stops just below the pivot and let it run. It would be set up for a 5-wave rally back towards the highs struck earlier this month.

by Avi Gilburt - 3 years ago

Free 15-Day Trial

• S&P 500 Wave Analysis
• Gold, Silver, Oil & US Dollar Reports
• Stocks, Options, Cryptocurrencies & more
• Live Coaching & Webinars

OUR MEMBERS SAY ...

I live Finance. 80hrs a week corp finance. I trade as a hobby and in my opinion this is the best site in the world for someone to learn about markets... i rue the day when it is no more or its core is changed. there is NO BETTER SITE IN THE WORLD to get the off-cuff input/feedback/knowledge across ALL MARKETS like this site... Thank you to the analysts here who grind out thousands of charts each week.
"GibsonDog" - Trading Room

My faith in God and my faith in Avi and his team. God lead me to this service over 10 years ago. For a decade I have heard Avi point his bat at this very moment in time calling this S&P level. Though the years I have witnessed him point his bat months, even years before metals hit their highs and lows with almost perfect big picture accuracy. Against every other analysts opinion. I have seen him bullied relentlessly on his public articles on SA and stick to his guns and proven so correct with no one ever apologizing or admitting he called it.
"sdmavrick" - Seeking Alpha

My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
"AAMilne" - Trading Room

I’ve subscribed for 5 years now and I have to say I see that you’ve been right on this the whole time. Who would’ve thought gold and silver would’ve rallied with rates this high for this long and the markets continued higher as well. Always thought your charts were good but always thought in the back of my mind that rate cuts and other news actually led. So now that I’ve admitted defeat u are free to gloat. Well deserved
"Lil_G" - Seeking Alpha

I worked on trading desks at top investment banks for 10 years, then traded on my own for another 8. I've seen 100s of research from the best analysts in the business. Avi and EWT is the only one I'm willing to pay for right now.
"tzeyi" - Seeking Alpha

“I was 100% in equities and been killing it for 2 years, but I heeded your warning and took everything off the table. I've been cautiously trading your recommendations and now when everyone I know is getting wrecked, I'm still profiting. Thank you so much for what you do, my family and future are safe because of it.”
"DoctorBeat" - Trading Room

This service has not only made me money in trades but equally important it got me out of the market before the meltdown.
"BigDaddyTuna" - Trading Room

"Your service and insight is phenomenal, and has definitely changed my outlook on the market. I’ve been actively working on recruiting new members to your service. It’ll save their financial life."
"Bidking82" - Trading Room

"Today, I achieved my highest weekly profit ever ....I see this as a testament to the power of the guidance available here. I ignored all narratives and traded the charts with discipline. I set clear parameters for each trade, immediately placing OCO (One Cancels the Other) orders with both stops and limits. I made some adjustments as the charts evolved, but kept the orders in place, and allowed the process to unfold. Sincere thanks to all the analysts and members who help make this such an incredible community—especially Avi, Zac, Mike, Levi, and Garrett. I'm incredibly grateful!"
"Dre-" - Trading Room

CNBC had a stat this morning that over the last 20 years 86% of money managers/hedge funds have underperformed the market. They couldn't figure out why that’s the case given how 'smart' these people are. . . . I know my performance since joining the site has skyrocketed!
"HenryH" - Trading Room

Articles Related to SLV

Free 15-Day Trial

OUR MEMBERS SAY ...

We Value Your Privacy