Silver(XAG) Chart

Silver like gold presents rare buying opportunity. Silver lost 37.67%(15.21- 9.48)with the recent sell off and touched its 200 DMA (daily moving average). Both RSI and PPO are in low level not seen since Q2-2004. The downside for silver is very limited while the upside potential is HUGE. In my opinion the best exposure to the price of silver is physical silver and the SLV ETF. Gold vs. Gold

0 comments:

Post a Comment

top