Well i'm expecting Silver to swing from 14.20$ upto 21$ by Dec 2015 this year...As currently price is extremely oversold in the monthly chart....Stops should be around 13$, so you'll need to use low leverage for trading this pair :)....A pending buy stop is possible around 14.50, 14.20 as well, set stop loss around 13max.
if you notice point 2, price earlier rallied from this level before :)....it's a buy zone around 14.50$....
glennjoy1
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Good work aslamhammad! There is some thought going around that due to commodity cycles the bear trend in some should bottom in 2015 (and may already have???) And September has been touted to be the pivot point for some...I think personally commodities is going to be the next bull market where smart money is heading for as interest rates/bonds and stocks become less attractive. A falling USD could also be a factor though if money is heading into commodities from outside the US then it could be propped up. Then again a lot of the money NOW is in USD from non US participants long bonds and stocks.