We still have mixed signals battling each other. Short term as I mentioned before $ 21.00 is the level to watch for Silver. Trading took it below that level. Being Silver is more volatile than Gold it can be expected to breach certain levels only to rebound and bounce around. It looks like the downside pressure has the advantage short term. Several weeks that might change.
Gold has been more stable and is holding it`s own above the 200 MA.
The coming month may set up an interesting chart pattern. Till that becomes apparent playing any 2 X ETF`s is " NOT a no Brainer ". I`d rather wait before making any commitment on paper trading till indicators show an educated move. Playing in between indicators is difficult. Patience is the key !
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