Silver looks like a great opportunity lately. Since I do not have the resources for or access to physical silver, I'm investing in iShares SLV ETF. Seems to be close to major support and near the bottom of a 2 sub-wave within a larger coming 3 wave. Please comment and let me know your thoughts!
Thanks Dalon Anderson from High Altitude for the idea on silver. This is my modified plan on this 3-wave in SLV.
Buy SLV at $15.5. Sell 75% at $39. Hold 25% longer term.
Transaction en cours
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Wait for it.... Wait for it... I see some volume coming in from the stock panic. If SLV is seen as a safe haven from the stock market there is still potential here. Admittedly taking linger than anticipated. With interest rates as low as they are the potential in SLV is better than cash. I'm still cautiously optimistic.