No. of Recommendations: 2

Silver hit a 2-month low Friday. Maybe it's time to get long.

Per your rules, you'd wait a day before making a move. I prefer to be early than late. But I need to manage the fact silver could drop lower. That suggests scaling in, which could be done couple of ways. Put on half a position using SLV. If the expected reversal does happen, then follow up with USLV.

The miners --SIL and SILJ-- are taking a hit, but not as badly as the physical, and 7 of the 11 of companies FreeCharts puts in the industry group showed gains Fri, which I think is counter-intuitive, though their longer-term charts are mixed.
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