Silver Breakout Looms | Metals Mine

  • Silver Breakout Looms

    From dailyforex.com

    I’m a buyer of silver on a break above the high of the Thursday candlestick, with a stop loss at the $35.25 level. I would aim for $37.50, but I would also keep the position size fairly small. During the trading session on Thursday, we have seen the silver market take off to the upside, breaking well above the crucial $35.48 level, which was a major swing high previously. At this point in time, I think we have quite a bit of interest in this market, as breaking above that swing high leads to a bit of a “air pocket” above. I think ultimately, part of the reason that we gave back some of those gains once the fact ... (full story)

Comment Options
  • Story Stats

  • Related Stories