Long on silverI am long because I think sectoral needs for silver will drive price up. Looks like double bottom here and DXY can not hold strong for too long.
Key stats
About ProShares Ultra Silver
Asset Class
Commodities
Focus
Silver
Expense ratio
1.50%
Inception date
Dec 1, 2008
Issuer/Brand
ProShare Advisors LLC/ProShares
Home page
Index tracked
Bloomberg Silver
ISIN
US74347W3530
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown
$AGQ $SLV Silver BoomAny good/silver/bitcoin related stocks will be following a similar pattern. Don’t miss the train!
Silver Breakout In The Works - Big Move ComingSilver broke out of a descending wedge, a consolidation after its February 2022 run. The 2X silver fund AGQ is looking great here with a technical breakout retest. A bullish MACD cross will likely send this to $50 + then it is going much higher with silver. Precious metals are about to have their mo
Will Keep Moving UpHave been long on Silver ETF for almost a year now. Added more during the recent dip. Can retest the $70 high - that's 80% upside
AGQ be prepared If Silver manages to break its all time high, I believe AGQ will pass the $400 resistance and reach the next level of resistance at $2500. This will leave us with a 6000% gain. This play all depends on Silver breaking new ATH. I'd still rather own physical silver, but I've definitely thrown money in
Long Silver/AGQentry time: 06/14/2021-06/23/2021
entry price: AGQ ~$53 (mine DCA is around 48)
account position: 25%, + 3-5% option
price target: ~60-100% profit , AGQ 80-100
stop loss: will only buy more with big dips (change position into long term, wait for breakout either end of 2021 or in 2022)
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