SLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish.
As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
Comment:
OK, looks like we fell through support and went straight down to the 23-ish support level I mentioned earlier. Certainly buying more here. This is a gift.
Comment:
We're sitting right at a major support level while DXY is dropping and Silver is rising. Next very solid support level is around 23.75. I'm definitely adding to my position here. The weekly chart is still on an uptrend as seen here:
