Both the Sprott Physical Gold and Silver Trusts, (PHYS) and (PSLV) are gapping higher. The U&R in the PSLV yesterday was an optimal entry, and both are gapping higher today. If the PSLV can hold this gap move, then this becomes a potential secondary entry using the intraday low at 8.93 as a selling guide based on a BGU set-up.
The PHYS has cleared the 200-dma on a BGU move and is trading in a very tight range so far today. This is a potential long entry point for the PHYS, using the 200-dma as a selling guide or the intraday low 14.45, although the latter may be a bit too tight given that PHYS is trading two cents above that level at the time of this writing.
Buyable Gap Up - Gold and Silver (PHYS) (PSLV)
|Published:||29 Jul 2021 10:57 ET|
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