DIPS ARE MADE FOR BUYING...
Silver has redeemed itself in the last month with the GOLD /SILVER chart being the biggest clue to hop on board for the easiest trade of the year apart from LEND/BTC ERD/BTC and others ...:)
this should continue its grind up and make a new ATH , keep in mind if GOLD is already in price discovery what would silver have to do to keep the historical GOLD/SILVER ratio in check ??
Silver being relatively expensive to hold as a contract than gold is usually neglected but as always due to its stellar performance last month we shall see more people interested in it.
Long term just a matter of time we cross $48 and go into price discovery ... my advice use low leverage and big position size , 1 good entry and you can let it run for a long time !
Had a trade go really bad in silver a few years ago thought i was smart and hedged it but closed my short too early and went all into a long ..
bad decision which scarred me for a while and was averse to hedging trades for a long time .
Looking back it was emotion which caused me to mess up and cling on to hopium , fast forward 3 years later its given my losses back hence the redemption :)
this should continue its grind up and make a new ATH , keep in mind if GOLD is already in price discovery what would silver have to do to keep the historical GOLD/SILVER ratio in check ??
Silver being relatively expensive to hold as a contract than gold is usually neglected but as always due to its stellar performance last month we shall see more people interested in it.
Long term just a matter of time we cross $48 and go into price discovery ... my advice use low leverage and big position size , 1 good entry and you can let it run for a long time !
Had a trade go really bad in silver a few years ago thought i was smart and hedged it but closed my short too early and went all into a long ..
bad decision which scarred me for a while and was averse to hedging trades for a long time .
Looking back it was emotion which caused me to mess up and cling on to hopium , fast forward 3 years later its given my losses back hence the redemption :)
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