In lieu of silver bullet, I settled for SLV and GLD. I’m building a small position with a tight stop. If these metals find bottom, I’ll continue to add if price action support the uptrend momentum. In other words, I’m pulling my “catch the falling knife” tactic with close stop from my playbook for a spin.
Below is the weekly chart- notice the support from way back in late Dec.
Below is the daily chart- notice the stochastic is now turning up from the bottom.
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