Silver continues to slide down. This could be the test with the 50 MA and the Golden Cross that was about to happen. The easy part about precious metals is they are real physical with limited supply. Testing the bottom of value is a given without severe manipulation. Unlike stocks of companies, precious metals cannot be used for cooking the books, except for news--- with it`s limited ability to sway the public. Knowing the total cost of bringing precious metals to the surface and purifying is one key point. Evaluating that cost has been variable within a certain perimiter. Adding up future costs ( they keep going up ) is an advantage to the frugal with their approach on purchases. Buy low--sell high ! Chartiwise Silver should be approaching that level of an absolute bottom shortly. It would be prudent to be patient though, except for purchasing physical holdings.
If one is trading ETF precious metals ( paper ) one would probably want to set a limit to what they will pay and let the price come to you. Charting is not always a thing of perfection but you can use oversold and overbought positions on the charts as a healthy way to preserve your capital and making gains, maybe some real nice gains. It`s all about timing and charting !
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