The above chart illustrates $SLV's exponential moving average strategy of 15-weeks and 40-weeks. It really is a very simple, yet very profound timing strategy. As long as the 15-week EMA (green line) is above the 40-week EMA (red line), the trend of $SLV is up. On the other hand, when the 15-week EMA (green line) is below the 40-week EMA, the trend of $SLV is down. Currently, since the 15-week EMA < 40-week EMA, $SLV has not yet bottomed. [To enlarge, click-on the chart.]
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