Here we see a great trading pair, the Vanguard FTSE 250 (VMID) which is very steeply discounted, and the IShares Silver ETF (SSLN).
The only other time VMID was this cheap relative to SSLN was the 2020 crash.
I've sold my Silver on this spike, and am tentatively buying VMID.
I'm aware another Black Swan event and recession may be upon us soon, so I'm keeping a lot of cash on the side.
Should we see no support in the next few days, I'll sell VMID and buy back into SSLN. Silver could easily hit 30usd or more.
Currently Silver is very strong, but massively overbought and is due a correction, but this is a gamble as we see no sign of reversal yet.
The only other time VMID was this cheap relative to SSLN was the 2020 crash.
I've sold my Silver on this spike, and am tentatively buying VMID.
I'm aware another Black Swan event and recession may be upon us soon, so I'm keeping a lot of cash on the side.
Should we see no support in the next few days, I'll sell VMID and buy back into SSLN. Silver could easily hit 30usd or more.
Currently Silver is very strong, but massively overbought and is due a correction, but this is a gamble as we see no sign of reversal yet.