iShares Silver Trust (SLV) - 4th December 2023 | @ 140 Days | - 6.23%
Last trade: - 6.23% | 'B' class signal detected in iShares Silver Trust (SLV). Running at an average wavelength of 140 days over 9 iterations since September 2020. Currently moving up.
ΣL Cycle Summary
Some frequency modulation is creeping into this component for Silver via SLV here, in this case a slight decrease in the wavelength is evident via the time frequency analysis. The cycle is currently hard up with a peak anticipated mid January 2024 at the current average wavelength. Downgraded to a ‘C’ class due to the increased modulation, although certainly a boundary case with good stationarity evident in the past.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - SLV 25th September 2023
Entry: 25th September 2023 @ 21.20
Exit: 4th December 2023 @ 22.52
Gain: - 6.23%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 139.67 Days
Completed Iterations: 9
Component Yield Over Sample: 150.86% - learn more