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.
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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.
I actually like this trade way too much, I'm going all in silver because I don't believe the US or fiat will prevail. the banks are now so openly suppressing these values it's the people's metal!
Any thoughts on Uranium as it's more short than silver. Overlap the uranium and silver charts. Moving the same.
WadeYendall
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@Guruoffinance,Yes, hoping it finds some support at the breakout zone. I don't really follow Uranium closely but CCJ popped up on one of my scans recently. Put an alert at 14.95.
Jonas99
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is liquid though?
WadeYendall
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@Jonas99, Good question to ask. It trades about 2.5 mil average. It traded over 11 mill on Friday. Not sure about option volume although with this share price I usually go with equity.
Jonas99
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@WadeYendall, liquid enough. Like your idea. As always, thanks!
Any thoughts on Uranium as it's more short than silver. Overlap the uranium and silver charts. Moving the same.