Silver is in a strong uptrend from the lows, after an accumulation base.
Recently, commercial traders reopened short positions at the top, so, we are observing the effect of their selling.
How far they drive silver down, is to be seen, but I think it might have bottomed here.
I'm long SLV, but going long SLW might also be a good idea. Today I entered a position but it was a riskier entry.
I'll update with an entry if we get a safe one.
Cheers,
Ivan Labrie.
Recently, commercial traders reopened short positions at the top, so, we are observing the effect of their selling.
How far they drive silver down, is to be seen, but I think it might have bottomed here.
I'm long SLV, but going long SLW might also be a good idea. Today I entered a position but it was a riskier entry.
I'll update with an entry if we get a safe one.
Cheers,
Ivan Labrie.
Trade closed manually
