Is Silver Ready for a Bounce up ??
Updated
Silver 
XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week.
Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
NASDAQ:USLV, a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold.
May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week. Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
NASDAQ:USLV, a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold.
May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
Note
Boom!!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.