Silver
XAGUSD
dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week.
Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
NASDAQ:USLV, a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold.
May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
XAGUSD
dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week. Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
NASDAQ:USLV, a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold.
May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
Comment:
Boom!!!!