Global X Silver Miners ETF (SIL)

[mmm....shiney!]

There's no silver miners ETF on the ASX that I know of so I opened a position on the NYSE:



Silver miners v POS has broken out of the all time lows:



Anticipating that the silver miner's price will appreciate quicker than the POS in the new silver bull market, also it's a lot easier to buy and sell for me than physical and liquidity is not an issue, unlike the problems holders of physical are facing at the moment.

 

[Real $ Return]

Im not certain of an ongoing and supported bull market for silver as yet as most highs in Ag that ive seen which is shit all as havent been here long have risen and fallen in time. Been buying n selling some asx explorers and theyre prices replicating market...Do agree bout the liquidity and ease of selling and buying but, silver is bulky and awkward to package,post,etc and digital crap you can pull the trigger fast

 

[mmm....shiney!]

Im not certain of an ongoing and supported bull market for silver as yet

I'm all ears for a contrary view so please keep posting.

If you can make sense of this messy chart I started some time last year I think that the price has broken to the upside and potentially indicates the beginning of a bull market. It didn't quite follow my predicted price action (in blue) as we didn't see $18 lows, briefly getting down to about $20, but it broke out of a roughly 12 month downward channel in March. I'm probably a month late to the party.

 

[Real $ Return]

Mate, Im not qualified for analysis of any sort technical or otherwise...just my own biased rambling Happy to have learnt from members here but still obviously ignorant especially bout reading charts and making predictions,etc maybe when get older. Just looking at history and highs from the past, silver has potential but as yet hasnt come to pass any facts and figures pumpers repeat so far havent done much. Own silver and appreciate it but trading easier for such a large bulky asset online where no hesitation to buy and done instantly. My lil stack is in tier 1 Gold will keep learning and reading up from people smarter and and more experienced then myself but

 

[mmm....shiney!]

Mate, Im not qualified for analysis of any sort technical or otherwise...just my own biased rambling

My analysis lingers around the pre-school level so your "biased rambliings" are not out of place.

If we look at the 2011/12 bull market and project the same bar pattern on both the Silver chart and the Sil chart we see highs of around USD52 and USD86 respectively.





As you can see in the second chart, from previous silver bull runs the price action runs wildly in the space of months and then dies a slow and painful death over many years where diamond hands turn to coal.

 

[Real $ Return]

"Pre-school" level is harsh critique especially when most probably self taught, most of us dont have a financial or technical background. I hope we can all capitalise on price action or those with strong conviction and lasting faith hodl and they're efforts rewarded. Im keeping a store of Ag but rather trade and make some quick $ digitally and keep majority in physical gold...especially coins i enjoy and have some collector value as well in years to come hopefully learn more patience and inclination to learn how to trade properly but its surprising way to make some cash which can always turn to physical if want to. Chart looks good lets hope it runs high and long

 

[mmm....shiney!]

Yeh, I think silver is best traded rather than HODLed.

It's a long time between drinks and opportunity cost is always knocking.