SLV buying opportunity?

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The trend is not in a good risk reward now;
but with $40/40.44 a key area, Some will probably make a bit

 

7 potatoes maybe - but not 7 USD....

 

I sold all my physical silver at 40ish the last few days. Could go higher but I think down is more likely. That top looked more like a blowoff than a normal swing and I think the is the first pullback in a bear trend.

 

Tomorrow will be interesting to see how it handles $40.

 

I put on a SLV straddle today.
Interested to hear if anyone is doing this with SI FOP.
Check out my journal

 

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Its having trouble closing above $40.44[silver, SLV];
great long term upttrend not as great as GLD, gold.

Nor is the Sept silver buy volume as good as the APRIL silver selloff ,April SLV upttrend.

 

I think if silver runs up in the next week or 2 to the 45-50 range it will be time to start adding short positions, Im really looking into ZSL again, looking to get in under $10, that should put silver north of $45!

 

This time next year Silver will trade at over $100 US an ounce.

The buying opportunity is now.

 

i hope so i'm long dec 12 100 calls (for real)