Silver: Key Signal for a Bullish Bounce | Metals Mine

  • Silver: Key Signal for a Bullish Bounce

    From dailyforex.com

    The simplest signal for trading silver is if we can break above the high of the Monday candlestick. I will be a buyer with a stop loss at the low of the Monday candlestick, with an attempt and a target of $39.40 above. During the trading session on Monday, silver was very choppy but it wasn’t really convincing. At this point, the fact that we cannot drop further suggests to me that maybe we have started to find some type of floor, and what has been extraordinarily bullish market to begin with. That being said, there are some levels that I am watching that might give us a little bit of a “heads up” as to where ... (full story)

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