WadeYendall

An option to consider for the Silver trade

Long
AMEX:PSLV   Sprott Physical Silver Trust ETV
PSLV is another vehicle I'm using for my long silver trades. I like it because it it redeemable for physical silver in small increment than SLV and the share price is lower. More or less identical chart to SLV and looking like it may gap up tomorrow by 4-5 %. Resistance should be found in the 10 - 10.50 range. Look for a pullback entry or wait for price to consolidate and break higher. Targets would be 11/13.50/16.50. Best for a longer term hold as it may chop around.
Comment: Gapped then filled the gap right away. Not a bad area to start a position now in then 9.5 zone. Expect volatility and choppy price action. Best for long term hold.

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