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itsmiguelsol
Nov 7, 2020 8:21 AM

Silver and the Election  

iShares Silver TrustArca

Description

Silver has historically thrived under Democratic presidents, and I think this will be no different this time around if (or when) Biden wins. SLV seemed to recover the last 2 days of this week on riding the trendline that's been dating back to March of this year.

I'm going to be watching 24.25 as resistance this week with possible upside of 25.50's in the short term run. I am long on SLV and hoping we can see similar levels we saw in 2012 - at the 35's.
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