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$SIL potential bounce from retest (2/5)

AMEX:SIL   Global X Silver Miners ETF
Conviction: 2/5


General Thesis
  • breakout and retest of medium-term (2012) resistance line
  • if inflation takes hold... silver could benefit, which could benefit silver miners

Growth
N/A

Value
N/A

Fundamentals & Balance Sheet
N/A

Potential Risks
  • been pretty weak lately
  • silver XAGUSD near support, can be risky

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