Update On Silver + A New Portfolio Position

Recent opportunity in silver paid off and a new position added to the long term portfolio

Silver 🔘

Last month, I wrote about silver being at a critical point and that I expected a bounce.

Well that bounce happened and silver is now approaching the resistance line I spoke about in that report.

📰 I’ve included that report below: 👇

Silver - At a Critical Level

Where We Were: 👇

Last month.

Where We Are Now 👇

Today.

🚁 The trading vehicles I used in the last several weeks were:

AG, PAAS, SLV

I have since closed those trades for a nice profit but still hold a basket of silver mining companies in my long term portfolio. I choose these specific companies/tickers because of liquidity and opportunity (specifically for First Majestic, AG)

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🧐 My Thoughts Moving Forward…

Silver is a critical metal in going ‘green’. Silver is less abundant today and more difficult to source…as demand is increasing.

Bullish.

Silver is also a monetary metal and is considered ‘poor man’s gold’ at $23/oz vs $2,000/oz for gold. This means it’s easier for the retail investor (like you and me as opposed to BIG institutions) to buy and get involved.

More speculative and volatile than gold, silver typically outperforms gold during precious metals bull markets.

It is my belief that silver will be MUCH higher in the intermediate to longer term. I don’t make random price targets without referring to a longer term chart for technical levels. I’ll do that in other report.

Short term, the chart tells me there is some resistance to overcome, both in overhead supply (yellow box) and trend (white line) in the chart above. 👆

However, a break above this downtrend line is EXACTLY what I’ll be watching.

Remember, pullbacks are healthy. Pullbacks are necessary for the health of sustainably higher prices.

My List of Gold & Silver Companies

I have a list of precious metals companies I have researched extensively and will be adding to my portfolio on pullbacks.

I will be updating this list for paid subscribers.

I recently shared one of my ‘must own’ silver producers that I will be holding for this next leg up in precious metals. 💹📈🥇

💼 PORTFOLIO POSITION ADD: 👇

This next producer is one I’ve recently added to the portfolio. Though recently a bit stretched technically, I’ll be adding on pullbacks.

If you’d like to read further, please consider upgrading to a paid subscription. I’ll let you check it out for free for a week…and if you feel that my research is not worth $10/month, then by all means, cancel anytime. 😎