SLV: Good chance for longs

I'm long silver             as of today, stop under the previous low in the 1h chart.
This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here.
Even more than a continuation in gold             .
In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here.
We can profit from this Silver             rally in multiple ways, by either shorting stocks and going long silver             (Tim West would like this I bet), or by shorting the gold/silver spread by going long silver             and shorting gold             .
I included my pair trader indicator to plot the silver/(gold/100) spread for visual clarity.
I'll include intraday charts below, stay tuned for the progress of this potentially very rewarding trade.
Good luck,
Trade closed: stop reached
Comment: Boom, after 2 months, Silver bottomed.
I'll wait for another 2~3 days before entering silver... it does look pretty good here.

but generally... silver needs approval from its big brother to rally, which is the reason why I'm waiting until Gold hits 1100~1120 range before I buy
IvanLabrie LastBattle
The key here is to short gold and long silver, based on the ratio, and the level where silver currently sits.
+1 Reply
IvanLabrie IvanLabrie

Watching gold and silver for entry.
I think the pair trade might pay off.
Watching the daily to enter a pair trade: Long Silver, short Gold, as discussed today in the Key Hidden Levels chatroom.
+1 Reply
Stopped at break even.
I made a little profit out of this moves, but not the move I intended to catch yet.
Watching, I think we might have a good trade here.
Closed first long at -0.05% loss and shorted, then went long lower. Now break even stop long.

Hi IvanLabrie !

Thank you for your confirmation on my SPX500 published chart. In this risk aversion context, I am also looking for a potential bullish reversal on the Silver.
My view on it:

Best Regards,
Mirandole Mirandole
Sorry, wrong chart link :

The chart :

IvanLabrie Mirandole
Yes, not sure for how long but I think we might have a move here.
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