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cacus
Jan 31, 2018 2:30 AM

Same exercise with Silver Long

Silver/U.S. DollarFXCM

Description

Again, using past volatility in PA.

Comment

This one is getting trickier... I'm holding and waiting. Long again at 16.33
Comments
AhmedFouad
nice chart...! Any idea which direction it may take after the big drop of yesterday.....?
cacus
@AhmedFouad, we could be visiting the 16 or 15.50 zone very easily. But i'd doubt about it, the rates rising is a strong support for silver and gold in the upward direction, sooner or later current divergence will be lowered and either yields will go down (which I doubt even more) or silver and gold goes up (which is my forecast in the mid term).
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