Some thoughts on Silver Junior Miners, as expressed through the SILJ ETF.
Silver's long term forecast is impressive, but it's short term as an SOV / Industrial Commodity will be choppy, as it's picked up and dropped on whims.
But remember, always DYODD!
Just a small revision to highlight the dip / retest thanks to the H&S in the RSI.
I failed to show that on the first version so a revision is in order!
This darling of the silver junior miner world has already had a massive jump, and with a Silver price high incoming in March, it's perfectly set to go Sky high!
A possible predicition for Eloro 2021.
HUGE potential here, just look at how the arc and the fib are intersecting in order to cause explosive growth spurts.
Interesting!
Long opportunities continue to present themselves while this technical standpoint continues to play out. Sized in from the bottom and looking to sit on my hands to take profit at key levels on the chart. Trade with care.
Note: This idea follows my own tried and testing trading strategy and rules. This idea does not constitute trading guidance for anyone else.
DM...
