Silver Miners ETFs at Their Daily Trendline Support

Just a quick extra post of something I noticed as I was going over the charts this weekend, both the SIL (Silver Miners etf) and SILJ (Silver Junior Miner etf) are sitting on their uptrend lines for this cycle on the daily charts. I will post the charts below, but must add that both GDX and GDXJ are not yet testing their trend lines, so we might not get an immediate bounce. However, I would not expect much downside in any of the funds I mentioned above, and the silver miner etfs look even better, in my opinion. Keep in mind, most silver miners are actually near 50/50 in production of both silver and gold, another reason I prefer the so-called “silver miners”, an investor is already exposed to gold as well.