peterbokma

SILVER-BUY strategy

Long
FOREXCOM:XAGUSD   Silver / U.S. Dollar
Silver looks interesting for a LONG strategy.

We are basing above the cloud, and good support $ 23.80 below, and this will be our stop-loss area.

The current pattern suggest we should buy $ 24.50-24.75 and profit order near $ 26.00 for now.

One might be looking at GOLDSILVER spread, which also makes sense with lower risk.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.