SIL (Silver Miners ETF) offers an objective long entry here on this breakout above the 2-year primary downtrend line and will be added as an Active Swing Trade around current levels. The sole price target at this time is T1 at 36.77 with additional targets likely to be added to this trade soon. The suggested stop is any move below 32.90 with a suggested beta-adjustment of 0.90.

SIL daily Aug 28th

SIL daily Aug 28th

Unlike GLD (gold ETF), SLV (silver ETF) is still well below it’s 2017 highs likely to play catch-up to the other shiny metal. However, I am also bullish on gold & GDX as gold has broken out above  it’s 2 previous reaction highs from 2017 today as GDX continues to rise following the recent breakout above it’s comparable (to SIL) downtrend line. GLD and/or GDX under consideration for long trades but watching to see if these divergences on GLD are taken out soon.