Has SLV Bottomed?

Yes indeed, marriage to a position can be very bad!
Will try to avoid that.
Assuming SLV doesn't collapse back to 18, I reckon going to 30 is reasonable enough for the near term.
We'll see.

 

-The New $SILVER (Spot Price) Uptrend-

June 28th: Low of 18.17
July 23rd: High of 20.59
August 7th: Higher Low of 19.10
[August 9th: Closing Price above the 50 day SMA]
August 12th: Breakout above 20.59, closing at 21.37
[August 14th: 20 day EMA crosses 50 day SMA]
August 16th: Higher High of 23.40

 

I have been averaging down into USLV since April.

 

Probably at break even or better by now.
Enjoy the rest of the ride!

 

Market has no idea if his position is at BE or not, but he knows, whether knowing is good or not is debatable

 

Market has no idea if his position is at BE or not (Of course)
But he knows (I would assume so)
Whether knowing is good or not is debatable (How can it be bad to know your average price??)

 

Presuming from various sources there are quite a few investors having averaged down silver and gold's fall this year. Usually a pretty bad idea (can't think of a reason why it would). Wonder when (and what will be the result) this collective of holders will decide to sell though. I hope they all get out well.

 

I don't think so. majority is waiting for gold 900-1100 to enter.

 

ie You close your trade when it's finally acting right to make sure the previous psychological pain does not return

 

I get you now.
A trader is in the red for a while and then sells at break even, only to watch the trade go into profit without him on board.
Not fun!