Bullish trading scenario on Silver Long

iShares Silver TrustArca

Description

⋅ Mar 6, 2015 1:20 PM

Silver is at support zone after breaking out of a falling Wedge.
If the support zone will hold, we may see Silver rallying towards the 200 SMA line.
It should breakout and close above the Fast SMA line to confirm this scenario.

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Comments

GMOTruths

⋅ Mar 19, 2015 3:57 PM

I made this mistake too. Now that we have a triple bottom, what's your take?

themarketzone

⋅ Mar 19, 2015 4:22 PM

Now it has to climb above 15.5$. Nothing to do right now.

GMOTruths

⋅ Mar 20, 2015 3:41 PM

You were right! I sold at 15.94 today. Could have made a bit more, I realize now, but not bad.

jangseohee

⋅ Mar 6, 2015 1:36 PM

Hi does Silver ETF mimics the movement of Silver futures?

themarketzone

⋅ Mar 6, 2015 1:47 PM

They are highly similar..correlated and suppose to be repliaction but its Not a copy

jangseohee

⋅ Mar 6, 2015 2:07 PM