[Watch] SLV
I have not posted much lately because I am busy trading. I have been focusing on bigger picture, daily & weekly charts as those have less noise.
But it is remarkable considering the moves in commodities, that gold & silver remain in consolidation. I think this is a significant opportunity.
However, these are highly manipulated markets so always be careful. I'm not personally in SLV or any silver stocks.
I have physical silver and I prefer to see dips to buy more. But I doubt these prices last.
Technically, I think this weekly chart is showing that sellers are drying up.
If interested in going long, look for:
1) Drops on low or decelerating volume
2) Quick drops to a major support level
Consider PSLV as a better vehicle.
But it is remarkable considering the moves in commodities, that gold & silver remain in consolidation. I think this is a significant opportunity.
However, these are highly manipulated markets so always be careful. I'm not personally in SLV or any silver stocks.
I have physical silver and I prefer to see dips to buy more. But I doubt these prices last.
Technically, I think this weekly chart is showing that sellers are drying up.
If interested in going long, look for:
1) Drops on low or decelerating volume
2) Quick drops to a major support level
Consider PSLV as a better vehicle.
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