Global X Silver Miners ETF: Bank/Take Profit; Second Target Set To be Reached At Today's Open ($50)

Lester Davids
5 days ago
1 min read

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

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Further Update: The ETF reached a high of $49.92 which was just 25 cents shy of the second target of $50. Currently, the pre-market price is above $50.00. At today's open, traders could consider taking profit.

Previous Post (21 May): Global X Silver Miners ETF: Bull Flag

A break above $42.50 targets $47.00 and $50.00

Stop-loss $37.60

Previous Post (17 April): Offshore: Wheaton Precious Metals - Target Exceeded

The surge in precious metals has supported our trade idea on Wheaton Precious Metals which is higher by 40% over the 7 months. To open a trading account and/or move from your existing service provider, email tradingdesk@unum.co.za