No brainer really. Silver has a very strong positive correlation with Gold and we expect Gold to continue to appreciate. We like everything we see on Silver charts and view Silver’s current price position as an opportunity to buy. Below are some compelling charts backing our buy conviction for Silver.
1. Silver – Weekly chart, RSI switches to ‘Bull’ phase, double bottom neckline acts as support and this week formed a piercing candle pattern
2. Silver – Daily chart sees a myriad of bullish technical setups with great Risk/Reward potential
3. Investors are pilling into Silver ETFs