In the past, the CCI has pointed to strong rallies in silver. It is doing so again. With respect to this indicator, silver is more bullish than gold.
It is oversold, but it CAN get more oversold.
The safest trade would be to wait until a swing low and place a stop under.
However I am already partially invested and holding quite a few bags here. I'm comfortable holding longer term. I'll likely add in this range.
It is oversold, but it CAN get more oversold.
The safest trade would be to wait until a swing low and place a stop under.
However I am already partially invested and holding quite a few bags here. I'm comfortable holding longer term. I'll likely add in this range.