S Physical Silver ETF Forecast

Red day on Wednesday for S Physical Silver ETF after losing 0.306%
(Updated on Apr 24, 2024)

SIVR Signals & Forecast

The S Physical Silver ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $26.69. On a fall, the ETF will find some support from the long-term average at approximately $25.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -5.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for S Physical Silver ETF

S Physical Silver finds support from accumulated volume at $25.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.270 between high and low, or 1.04%. For the last week, the ETF has had daily average volatility of 1.47%.

Our recommended stop-loss: $24.65 (-5.43%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (SIVR) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect ETFS Physical Silver to open at $26.07, and during the day (based on 14 day Average True Range), to move between $25.40 and $26.72, which gives a possible trading interval of +/-$0.663 (+/-2.54%) up or down from last closing price. If ETFS Physical Silver takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.88 (0.69%) than the resistance at $26.82 (2.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ETFS Physical Silver ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for S Physical Silver ETF to perform well in the short-term.

Current score: 2.925 Buy Candidate Unchanged

Predicted Opening Price for ETFS Physical Silver of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.