LongShort2021

SILVER - Should we go long ?

AMEX:SLV   iShares Silver Trust
Hi All,

Looking into weekly SLV chart, SLV bounced back multiple times from the support around $20.
This support line played role since 2008.

With uncertainty growing towords the market, i expect GLD and SLV will go higher as soon as Mr. Powell starts rates hikes and lowering tapering program.

The question, will we see a huge leg down like the one in 2020 ? or should we go LEAPS from here ?

Let me know your thoughts in the comments.
Thanks,
Sam.

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