Bosphorus_Capital
Short

Scale into silver shorts for a decline to 15.8 to 14.2

FX:XAGUSD   Silver/U.S. Dollar
359 0 3
Silver             shorts can be initiated here and scaled into towards 18.80 for a decline to 15.8/14.5

Shorts can be also hedged by gold             longs until gold             reverses from 1270/1320 area (see Sell Silver             , Buy Gold             Pair Trade)

A pullback for Primary (4) can be expected thereafter to 17/18 area.

The final target for Silver             seems to be somewhere between 12.4 to 10.3
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