SIL ETF US- Silver Miners Mid Term idea

17 ago

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According to Mining Visuals Silver deficit is expected of 118 million ounces. At the same time strong industrial demand - driven by solar, electronics and green technologies.
Historically, mining stocks outperform the growth rates of the metals themselves. This hypothesis is confirmed by the fact that, starting in 2024, ETF SIL (silver miners) has outperform the metal itself.
From a technical point of view, ETF SIL has emerged from a long-term consolidation and there is a high probability of growth to the $80.

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SIL ETF is starting to enter the turbulence zone.

We opened the idea for this instrument on August 17 at a price of $54.01

👉In 22 days, including non-trading days, the price has added 16.3% based on price of $62.8( 270% per annum)⚡️

In our idea, the target is set at around $80.

For those who want to hold on longer, the idea remains valid.

We would prefer to take a profit of 16.3%, since the market is so quick to take such interest🚀