Fxprotrader
Long

Silver Let's Catch The Next Impulse

FX:XAGUSD   Silver/U.S. Dollar
After a rally silver             has been in a corrective structure for a while and it's now testing a support level previous strong resistance. At this level we may go long wth stoploss and profit target as shown at the chart.

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Comment: Price broken above the correction. move your stoploss to BE
FX a good start I have a slightly more ambitious plan for silver. Keep on posting those great charts.
Silver one more up!
+1 Reply
Thank you
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Well done!
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Thank you :)
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Really so much Sir? isnt 20,500 a big resistance?
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Nice chart, but i think it will be better wait for 19.100-200 lvl :D and maybe the FOCM Meeting too !! What do you think about that Sir. thanks !
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let's see what happens. I am of the mind that Silver and Gold are bullish, there is certainly no fundamental data to indicate otherwise, the world is certainly quite unstable despite the fact indicies like the FTSE 100 are soaring. This looks like a technical pull back, it had to happen before it prices could go higher. Why exactly these things happen is a mystery to me and any help explaining them would be amazing...

I'm looking for $25 an ounce for silver before the end of the year.
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Fxprotrader RJHumphries
Well said.. I expect over $60 when i will retire.. And then i will sell :) Silver has no other way to go but up. Thanks for your comment..!
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robnab Fxprotrader
Great !!!
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I think it will fall at least to 18
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