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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.