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Silver Trading Strategy IDEA:

Purchase Entry Point: Should Silver's price dip below $21.20, consider it a buying opportunity.

Targeted Exit Point: Aim to liquidate positions as the price nears $25.

Layered Exit Strategy: For a tiered exit approach, $24.70 presents a robust liquidation point.




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Comments

Anonymous

What's best way to buy Silver?

Anonymous

I never thought this day would come, James. Welcome to PMs. I’m marking my calendar for this historic day! 😉 PMs dip with all assets during a recession, but they typically recover quicker. A recession is coming it’s just a matter of when, how deep and for how long. If a deep and long recession hits it will be interesting to see how BTC performs in respect to PMs.

Anonymous

There is a Silver 2x n 3x long vehicle. Silver is also traded on TIAA bank.

Anonymous

XLV also looks like a fairly good range rider play. Your thoughts?

Anonymous

I cannot find the same ticker for silver on Fidelity's trading platform. Any ideas what ticker I would look for? First time this has happened to me.

Anonymous

This reminds me, I bought silver at the previous lows in 2020. Hid it in the sock draw and completely forgot about it. 🤭

Anonymous

Love this idea. However I’ll probably try it with physical silver. I already have some physical silver that I’m waiting to sell when the price rises to over $25 per ounce.

Anonymous

Selling physical for short moves like this ? I won’t be selling my physical till we’re in high triple figures 😅