Monthly and daily charts show Silver is oversold here, and turning up...The confluence of technical signals and contrarian potential of this trade make it extremely interesting and definitely worth a try.
If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on chart, to eventually signal the uptrend to $25+ as per the chart. This signal isn't yet active, but is within the realm of the possible and logical.
I'd reccomend keeping some exposure to gold and silver, specially now, given the charts and sentiment.
Best of luck,
Ivan Labrie.
If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on chart, to eventually signal the uptrend to $25+ as per the chart. This signal isn't yet active, but is within the realm of the possible and logical.
I'd reccomend keeping some exposure to gold and silver, specially now, given the charts and sentiment.
Best of luck,
Ivan Labrie.
