Add to SILJ Holdings Below $11

For those looking to add to their position, or initiate at position in the SILJ etf (junior silver miners), they might get a chance this week. The $10.90-$11 level is one area to buy, where both my trend line and the 50 day MA are sitting, below that one could be comfortable buying in the $10.40 area near the 200 day MA. Let’s see if the FOMC announcement on Wednesday Feb. 1 will be a catalyst to push SILJ to one or both buys zones.