I got a buy signal on SLV a couple of days ago. The signal was on the weekly chart, making the likely move to be fairly substantial. Instead of buying the ETF, I picked up some physical since I've been planning on getting some anyways.
Needs to break 11.75....SILVER strong here. positive territory
thats a stroing territory.... bail out talk is whats going to get us up there. just waiting for pres bush to get back from afganistan and from shoe throwing country. wednesday's-thursday rally is just around the corner.
another great entry point... this should rally on obama infrastruture implementation....testing the lows.. you are right about this chart.
I don't know what this has to do with infrastructure, but silver and gold stocks seem to be out of favor right now. They have pulled back substantially and look like they have more room to drop.
If you don't have your physical silver yet, make sure you get it in the next few weeks. Otherwise you are going to be paying 25% - 40% more. Looking for 13 - 15 on SLV by end of March.
I have been trading silver for about a year now, and lately if it is strong for 2-3 days it dips again 4-8% before climbing back up. I'm in way too deep (built up a ton around 15$ about a year ago) and held on way too long. I'm hoping to catch some more shares at a good price mid-late this week on a dip to average this thing out before turning some green. Time will tell
I got a buy signal on SLV a couple of days ago. The signal was on the weekly chart, making the likely move to be fairly substantial. Instead of buying the ETF, I picked up some physical since I've been planning on getting some anyways.
This has worked out well for me. I picked up some gold and silver in early November.