EmpowerTrader
Short

Silver Back At the Topside of The Trend

TVC:SILVER   CFDs on Silver (US$ / OZ)
Like gold             , silver             surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold             .

Trade Step-ups:

Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.

Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.
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