I love trading SLV instead of XAG.
Simple reason, you get all the price action but you don't trade with leverage (at least on my trading platform I have that option)
I'm in for the long term with SLV. Might do a few small trades if the market signals are significant, but largely I'm HODLing.
Silver has been receiving lots of positive publicity lately wit Warren Buffet moving away from the USD. And being much more volatile than Gold, as well as cheaper, it is a great option to diversify and to be a part of the commodities market.
It is important to note that silver is used in electronics, batteries, nuclear reactors, touch screens etc. I don't see the demand decreasing for these items at this point.
Curious to hear what you trade, XAG, SLV, both?
Respectful and constructive feedback welcome.
Thanks, Ev
Simple reason, you get all the price action but you don't trade with leverage (at least on my trading platform I have that option)
I'm in for the long term with SLV. Might do a few small trades if the market signals are significant, but largely I'm HODLing.
Silver has been receiving lots of positive publicity lately wit Warren Buffet moving away from the USD. And being much more volatile than Gold, as well as cheaper, it is a great option to diversify and to be a part of the commodities market.
It is important to note that silver is used in electronics, batteries, nuclear reactors, touch screens etc. I don't see the demand decreasing for these items at this point.
Curious to hear what you trade, XAG, SLV, both?
Respectful and constructive feedback welcome.
Thanks, Ev
Note
I didn't draw in the support line, but if you'd like me to point it out, feel free to ask
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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.