SILJ breakoutSILJ has clearly broken out...it is approaching the 200MA on a weekly TF (Red MA)...expect a reaction at this level...may want to take some off around this level...perhaps a decent pb...a chance to reload if you ask me!
Key stats
About Amplify ETF Trust Amplify Junior Silver Miners ETF
Expense ratio
0.69%
Home page
Inception date
Nov 28, 2012
ISIN
US0321086490
SILJ tracks an index of companies from around the world that derive revenues from silver mining, have market share of global silver production, or are engaged in exploration/development related to silver production. To determine their silver revenue percentage, securities are assigned a Metals Focus sector (e.g., Project Development, Silver Mining, Streaming, Diversified Mining, Gold Mining, etc.). The fund calculates for a theme-adjusted free-float market value for each security based on their market cap and Metals Focus. The fund overweights pure-play companies, as the initial weights are determined by the securitys theme-adjusted free float market value divided by the aggregate value of all securities. It is then adjusted based on their market cap, subject to constraints. The index is reconstituted semi-annually and rebalanced quarterly. Prior to Jan. 29, 2024, the fund was called ETFMG Prime Junior Silver Miners ETF that tracked the Prime Junior Silver Miners & Explorers Index.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
SILJ Ok, Silver is not Gold... but we can't help but wonder when Silver will be catching a bid?
Also, this downtrend line is on the verge of breaking.
Silver stocks ready to outperform uranium stocksThe ratio of SILJ (junior silver stocks)/URA( uranium stocks) has reached its A-B-C target and double bottom area.
It is also showing a bullish divergence on its momentum indicator.
We like very much the uranium sector over the long run but are expecting an out-performance of silver stocks over th
Silver Junior MinersSilver junior miners , very close to break above step #1.
Will this be the run that leads to a break above step #2?
#silver #miners AMEX:SILJ
Probabilities 101Look carefully at this Silver Junior Miners chart.
What is the MAJOR difference in those 2 trade setup propositions, other than what I already outlined?
Which is MOST probable of reaching its target AND why?
#trading #learning #miners #riskmanagement #silver
SILJBack up the truck !
SILJ "C" wave completion with gap higher above minor "X" .
I believe we are in the initial stages of wave 3 here .
I like most of the companies held in this ETF .
$ SILJ 100% Gain In less than a Year ? I may be crazy, but so is the world. I like it. I'm in. RSI shows that is is nearly bottomed. May give another 10% but the upside is there. BOOM BOOM
Silver SILJSilver and SILJ chart on the 3Day time frame.
Silver looks to maybe have one more pullback or it'll start breaking above trendline.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions
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