Sitrade
Short

Update on SILVER decline

FX:XAGUSD   Silver / U.S. Dollar
My previous post related to Silver is linked here. At first we saw the decline below major multi year support.

We then saw establishment of support at 17.326 where for a few days we experienced consolidation with a declining series of high's before last night, where we experienced another drop into the early hours of the asian session.

My positions that were first triggered when the initial support was broken have now had SL moved just above the last support turned resistance (hopefully) at 17.35 area which will lock in 60 pips and allow enough space for potential moves further.

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