Keith Richards Global X Silver Miners SIL-N TOP PICK May 21, 2024

Silver has strong positive seasonality from about the end of July through to about the middle of October of each year. Technically silver equities are already in gear and are actually outperforming silver itself. Silver and silver equities are very attractive at current prices.

How to Play Silver. There are three different ways to play: Seniors (SLVP-N), Juniors (SILJ-N) or the metal, SIL-N. He would buy SIL-N on dips. But if the US$ gets stronger in the interim, then it would mitigate some of your gains.

(A top pick Aug 5/16. Down 23.72%.) He had told people at the end of September that you no longer want to be in these securities any longer.

This has strong seasonality from the middle of December through to about the end of February.

(Note the short timeframe.) Still likes silver. For someone looking for a trade, still a good place to buy with lots of upside.

Looking at the 3-year chart, it has broken down. But there's a pretty good level of support coming in. Plus fundamental reasons for owning silver -- could be a good inflation or currency hedge. Not a bad position to take advantage of the old resistance / new support level.

(Note the short timeframe.)  Thinks it will go to old highs. He's been buying the producers. A better trade than gold right now, as gold's a bit overdone.

He's been selling gold to buy silver, because has a lot of catching up to gold. The difference is huge. The chart has broken out recently.