I am expecting good things for silver in the upcoming year. Precious metals and commodities are due! XLE has also done nothing for ten years. SLV appears to have broken out of its flag pattern and an important FIB level after a long consolidation. Based on the impulse leg I am looking for $19.63 or so for this move. Silver miners making new highs still but looking a little tired at this point. This is a long term buy and hold for me and 2020 should see some nice gains.
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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.