SLV: he holds a very small silver position and is less optimistic on silver than gold since silver is not yet at its trend line and could fall further; if the structure fails, SLV could drop from 57 to 54, and he would add more if it reaches the upward trend line.

Now, I've also placed a very small position in a silver deal, okay? Because silver is n't exactly at the trend line, I'm not as optimistic about silver as I am about gold. You can see gold very close to the trend line.

Silver, folks, still has a bit of a way to go . You know, we can definitely go down a little bit more . That's about $59. It drops as low as 57.67 there. So, this is where I would actually like to add more to this position in a silver buying deal .

I trade silver in the same way using an exchange-traded fund ( ETF). I will show you the trading symbol in a moment. But these are the levels I'm monitoring here. We have this beautiful upward trend line.

We also have this downward trend line that forms a wedge pattern for silver. Now, if we lose this, let's get out our horizontal line. If we lose this, we look at this level here.

This will also be a very strong support level. That's why the silver deal is much smaller. I want to leave a little room for movement. Therefore, we could drop from 57 to 54 if we lose this structure.

Now let's look at the silver exchange-traded fund here, SLV. It's gold. IAU for gold, and SLV for silver. It's a little easier to remember. This symbol is more closely associated with the element found in the periodic table there.

But yes, I will also add to this silver center if we reach this trend line. We also have this upward trend line on the silver ETF.