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  • Avatarlori hock
    Participant
    Post count: 18

    Is it too late to buy SLV or PPLT?

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    I’d say if you got into SLV, it would need to be on a drop below $20 per share, closer to that red resistance zone that turns into future support and closer to that 200-day moving average. It may or may not get down there, but if it does, that’s a better place to attempt to enter. What you don’t want to do is initially buy too high.

    I don’t think I’d try to enter PPLT up here. It would need to take a huge hit, price was, in order for that to be a potential entry.

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    Avatarlori hock
    Participant
    Post count: 18

    Okay, thank you Sean!

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    You’re welcome.

    AvatarTrip Healey
    Participant
    Post count: 5

    I’m up 56% in SLV. Thoughts?

    Sean HymanSean Hyman
    Moderator
    Post count: 2839

    If you haven’t sold half of your shares, you might consider it. But I’d keep the other half, as silver’s new uptrend likely has further to go and it’s one of only a few defensive assets for the market downturn.

    More details in last night’s weekly video.

    Congrats on those huge floating gains.

    AvatarTrip Healey
    Participant
    Post count: 5

    Great thoughts…thanks Sean!

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    You’re welcome.

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    I believe we have one more leg down in SLV before the next 5-wave move higher.

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    AvatarTrip Healey
    Participant
    Post count: 5

    I’m positioned and ready.

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    Awesome!

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    It won’t be long before we see which way SLV goes. No doubt, it’s in an amazing long-term uptrend. And depending on how it deals with this corrective line should tell us whether we’re in the next major up-leg or if we’ve got one more push lower first, to go, before the next up-leg.

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    Dan RDan R
    Participant
    Post count: 58

    With my remaining shares costing only $11 average, I’m good. 🙂

    Sean HymanSean Hyman
    Keymaster
    Post count: 3782

    Awesome!

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