I don't know if I'd call it a strong buy. Probably a strong nibble. Personally I'm confident we'll one day see it back in the mid 20's, but I still bought a bunch of April 10 puts just in case we really test the bottom before then.
There's more to silver than you know, it not only represents the manufacturing part of metals but represents fear on the financial side of volatility when things get worse and inflation kicks in, silver behaves differently. Slv's story is not over.
Will you be on the sidelines waiting for SLV to get to $7.50 before buying?
The wait might take a couple of years?
If you want to profit SLV, buy when the selling happens like today, sell the next couple of days on the dead-cat bounce.
Go for the singles swing trade.
Works 90% of the time.
Just don't get married to SLV when the price heads south.
Eventually, SLV will bottom, but unlikely as low as $7.50 IMO.
SLV still used for tooth filling? Other uses than film.