$SIL potential bounce from retest (2/5)
Global X Silver Miners ETFArca
Description
⋅ Conviction: 2/5
General Thesis
- breakout and retest of medium-term (2012) resistance line
- if inflation takes hold... silver could benefit, which could benefit silver miners
Growth
N/A
Value
N/A
Fundamentals & Balance Sheet
N/A
Potential Risks
- been pretty weak lately
- silver OANDA:XAGUSDnear support, can be risky