faylee
Long

Silver - W, a huge deal, long &long &long

FX_IDC:XAGUSD   SILVER / US DOLLAR
129 3 12
See the chart, the bearish market has ended in the passed 4 years. A bullish bat was completed.
The price is still on the floor, it's a time to buy.
After breaking out the "Kijun sen", a middle or large Green Bar will appear in weekly chart.
Mar.-Sep. is always pick season for silver             , with industrial production picking up, have to favour silver             , relative to gold             at least -- as long as industrial demand keeps growing. Keep watching on the recovery of China PV industry and the electronic industry.
Trade active: Just an update of news, which is positive for silver.
In the coming five years, China will add 15 million kilowatts to 20 million kilowatts of photovoltaic power each year, continue to maintain the world's most robust growth. In the period, the solar power industry is expected to be significantly improved.
Global PV manufacturing capacity expansion notice to 7.3GW in March
Do you think this analysis also holds for SLV or PSLV?
Reply
faylee AdrianM
I'm holding some long positions for silver, cost is 14.9. After breaking 16, I'll continue to buy in.
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