4XRandalll

SLV ETF (Silver ETF) - Long Term Buy

Long
4XRandalll Updated   
AMEX:SLV   iShares Silver Trust
SLV ETF - Long Term Buy
Trade active:
Trading Active for about a week now.
Thought I would share it with others.
I like the fundamentals of silver right now and the technicals look promising for a strong wave to the upside. Strong Buy!
Comment:
Looking at the weekly chart, this ETF respects Fib Zones.
The trendline is an extension of the $30.00 zone.
Using this as my Fib 100% target, I found some very interesting coincidences
of Fib zone alignment.
I am guessing fund managers also is watching the same trend line and zones.
Comment:
Trade doing well, dont want to jinx it. :)
Now watching for value zone to add positions.
SLV is the next best thing to holding silver bullion, but you don't need to have a massive safe in your basement.
Comment:
Silver has been on lately with all the global risk of late, dovish comments, nuclear war threats and so forth. I have it in my portfolio as a hedge and it's a good thing I do, it's keeping things pretty level as it should.
Comment:
Still Long
Trade active:
Nice pull back, to get involved again, add position.
Trade closed: target reached

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