Silver Miners Priced in SilverIs this falling knife finally safe to catch?
Deep Into The Abyss
below declining 36
month moving average
#silver #miners
Key stats
About Global X Silver Miners ETF
Expense ratio
0.65%
Home page
Inception date
Apr 19, 2010
SIL aims to track the equity market performance of global companies involved in the silver mining industry, including those engaged in silver mining and/or closely related activities such as exploration and refining. Constituents for the underlying index are derived from a ranking system based on their average daily trading volume in the last three months expressed in USD. Its portfolio is generally composed of 20-40 stocks and is also market-cap-weighted (subject to caps). The index is adjusted semi-annually.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Global X Silver Miners. Breakout AheadGlobal X Silver Miners. Breakout ahead? I'd say so. Looking through the Silver sector it has been a rough ride. If we can breakout it's clear skies and smooth sailing ahead.
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise.
We like the recent increase in volume and the bullish structure on the MACD.
A break above $39 would exit the downtrend line linking the tops and would c
Long silver miners $SIL if $SILVER manages to break outLike many other asset classes, TVC:SILVER is currently on the verge of breaking out of a year-long asymmetrical triangle
Silver miners AMEX:SIL are lagging the silver trend and could perform well in the near future if the silver breakout is successful
The Silver MinersThere are various tickers you can look at, all of them look to be at or close to support with steep hidden bullish divergence. Individual stocks would include - FSM, AG PAAS, EXK among them. This is the ETF for Silver miners. Slightly lower is possible, but I think the metals and miners will probabl
$SIL Silver Miner ETF to $40 by mid FebruaryThe biggest trade I've made in over a year. 40% of trading account. Gold is close to breaking out to new highs and when that happens silver moves even more violently to the upside. The most leverage without using actual leverage or derivatives is by buying stocks of companies that mine silver. A goo
Gold and Silver Miners : 40 % overvaluedOne of my fav. correlations is the here shown... 4-4.5 trill. USD daily Volume in USDJPY FOREX Trade compared to a few 100 mil's in Miners. Guess who will be the mover ... GDX at 20 starts to be a long term buy.
Long-term view of SILNotice at the end of each descending wedge is a bull run. These cyclic wedge, runs are very observable. It seems to me we are near/at the bottom of a descending wedge. Soon, we'll reach another bull run likely bring us back to $50. Either the next one or the one after that (pictured) will break the
$SIL potential bounce from retest (2/5)Conviction: 2/5
General Thesis
breakout and retest of medium-term (2012) resistance line
if inflation takes hold... silver could benefit, which could benefit silver miners
Growth
N/A
Value
N/A
Fundamentals & Balance Sheet
N/A
Potential Risks
been pretty weak lately
silver
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.