I’ll be updating the trade ideas throughout the day & as such, will be suppressing the email notification feature on many of those posts. Therefore, those signed up to receive automated notifications may want to check the site throughout the day.
SLV (silver ETF) was posted as a long entry on June 25th and in reviewing the trade ideas this morning, I just realized that I did not follow-up in posting the suggested target levels. This updated weekly chart lists those targets with the first target actually hit last week when I posted closing all my metal & mining positions. However, SLV is still trading around those levels which is just above the extended downtrend shown on that previous weekly chart (accessible in the link above). Therefore, SLV is still offering a chance to book partial or full profits at that level, depending on one’s trading plan & outlook for the metal. Longer-term traders holding out for the final target at 25.10 might consider a stop slightly below the top of the August 12th gap at 20.48, or higher.