Silver is still bearish when looking at the indicators.
I expect it to touch the lower range around 17.5 and
a possible break of the range from that point. The past
years silver seemed most comfortable in the 15.500-16.800
zone.
This sunday we have the french elections, I personally expect
that Le Pen wont win, giving the Euro a boost on monday. However
I also see a decrease in safe havens because of this which means gold
and silver will drop even though the euro will climb.
Trading advice: Sell the spikes or if your equity allows it sell it at
current market price and be ready to add more along the way or spikes.
I expect it to touch the lower range around 17.5 and
a possible break of the range from that point. The past
years silver seemed most comfortable in the 15.500-16.800
zone.
This sunday we have the french elections, I personally expect
that Le Pen wont win, giving the Euro a boost on monday. However
I also see a decrease in safe havens because of this which means gold
and silver will drop even though the euro will climb.
Trading advice: Sell the spikes or if your equity allows it sell it at
current market price and be ready to add more along the way or spikes.
Trade active:
Current retracement is nice opportunity for another short position! 16.800 target 15.400 after that
Trade closed: target reached