SVL ASX - Silver trade of a lifetime Massive RR 64 x
Updated
This trade is something ive been building into over the last couple months to gain a leveraged position into Silver through my choice pick Silver producer.
If you managed to catch my trade call on Silver yesterday, well done!!! make sure you bank those profits and don't hand them back!
I'm very bullish on this stock due to the stocks positioning being outside of conflict zones or areas which are being impacted by Covid 19. This is coupled with the fact that the ore bodies have lots more primary Silver deposits in the ground at a time when i see lots of upside to Silver prices with no near sign of a drop in Silver prices.
This stock also performed very well post GFC - actually fair to say one of the best silver miner stock performers i could find across all markets when looking at price over post GFC time frames.
On the chart, I have mapped an aggressive buy and hold with a clear road map as to when ill be looking to move stops and secure the bag.
Click FOLLOW on my profile and like comment the post to receive updates as I'll be updating this trade of a lifetime as it unfolds.
As I write this have had a handful of positions I've profit locked a health distance away from today's pricing.
I'm expected some healthy bullish price action today as the ASX opens after the strong Silver moves that have happened over NY time frame.
Leave us a comment or like to keep me motivated to post more!
Have a great week everyone!
SMTP
If you managed to catch my trade call on Silver yesterday, well done!!! make sure you bank those profits and don't hand them back!
I'm very bullish on this stock due to the stocks positioning being outside of conflict zones or areas which are being impacted by Covid 19. This is coupled with the fact that the ore bodies have lots more primary Silver deposits in the ground at a time when i see lots of upside to Silver prices with no near sign of a drop in Silver prices.
This stock also performed very well post GFC - actually fair to say one of the best silver miner stock performers i could find across all markets when looking at price over post GFC time frames.
On the chart, I have mapped an aggressive buy and hold with a clear road map as to when ill be looking to move stops and secure the bag.
Click FOLLOW on my profile and like comment the post to receive updates as I'll be updating this trade of a lifetime as it unfolds.
As I write this have had a handful of positions I've profit locked a health distance away from today's pricing.
I'm expected some healthy bullish price action today as the ASX opens after the strong Silver moves that have happened over NY time frame.
Leave us a comment or like to keep me motivated to post more!
Have a great week everyone!
SMTP
Note
(Re stops) ill be looking to tighten every time Silver does a $1 to 1.5 gain in silver price to secure the bag from Rape spikes clearing out liquidity) Silver is known for doing rape spikes then posting a full recovery when the market is thin in Tokyo trading hours so please be mindful.For those unaware Silver mining stocks gives you a leveraged position on Silver. Just be mindful that the world doesn't actually have a tonne of "primary" Silver producers as its generally a byproduct of lead mines. Also, be careful of Silver producers in parts of the world with exploding Covid19 cases.
Another reason i like this stock is that the market is closed when alot of the volatility takes place on Silver which helps avoid being shaken out on this position!!! Bonus!
Note
Its popped on market open a good 10 + %to scale back on my leverage ill be buying the underlying stock to build exposure without leverage to help endure the whipsaws of silver
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