SLV ETF (Silver ETF) - Long Term Buy

SLV ETF - Long Term Buy

Trade active

Trading Active for about a week now.
Thought I would share it with others.
I like the fundamentals of silver right now and the technicals look promising for a strong wave to the upside. Strong Buy!

Note

Looking at the weekly chart, this ETF respects Fib Zones.
The trendline is an extension of the $30.00 zone.
Using this as my Fib 100% target, I found some very interesting coincidences
of Fib zone alignment.
I am guessing fund managers also is watching the same trend line and zones.

Note

Trade doing well, dont want to jinx it. :)
Now watching for value zone to add positions.
SLV is the next best thing to holding silver bullion, but you don't need to have a massive safe in your basement.

Note

Silver has been on lately with all the global risk of late, dovish comments, nuclear war threats and so forth. I have it in my portfolio as a hedge and it's a good thing I do, it's keeping things pretty level as it should.

Note

Still Long

Trade active

Nice pull back, to get involved again, add position.

Trade closed: target reached

4XRandalll

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

4XRandalll