SILVER buy set up

FX:XAGUSD   Silver / U.S. Dollar
1080 13 107
Xag             is breaking out of the down corrective trend , I am waiting for consolidation to buy.

If you agree please click the thumb on the chart .
Training : add to skype mangal457
down wxyxz correction?
+1 Reply
wxyxz correction?
+1 Reply
I've never traded silver Anil, so started to assess it with a top down approach.
Seems to be at a Piviot level on Daily and bouncing off it.

My view is that the up move on the Daily will fail, and a fall will follow.
Let me say you something. DO NOT TRADE silver or any other commodity on OTC market. It becomes really painful sometimes and you might be dissapointed when you get stucked & trapped by unexpected market behaviors. It has happened countless times not in just metals but oil and other commodities as well. For near past example : people who longed themselves with US & UK OIL last year (over the 100$+ barrel price) most of them swept out. Even people who has huge margin balances.I always recommend traders this : use FX-OTC market for change currencies only. This is it's only purpose from my view.
If you want to buy commodities such as gold , silver etc. always go with the physical investment .
If you still want to trade , just do it it with tiny amounts... Trade in mini / micro lots. Non-leveraged trading will be the safest way.
Good Luck :))
anilmangal PRO blackpirate
Buying the physical stuff don't means you don't lose money (value), the difference is trading with leverage. You can trade anything as long as you understand how market moves. The big problem is trades over leverage and have no clue of how market moves.
+9 Reply
blackpirate anilmangal
yes thank you anil , absolutely agree with you.investors must stop emotional trading and understand the market behaviours.
we have a nice bounce area on silver... bulls have taken control from here couple times in the past.we might see over 25$/oz. in near future... of course we can trade silver from here , but i'm thinking gold and silver as a long term hedge. I don't know , i don't like trading these on FX . Even i forecast the bouncing and falling zones.Holding it in my hand still feels much safer .
well , good luck :))
poor silver. overrunned by manipulators. ^^
thanks for the analysis anil.
I agree with you , we can expect a bounce from 14-15$ range but longer term more upward moves are still unclear i think. i'm not trading and won't trade silver on FX.
Nah , just bought dozens of kilo bars. I recommend same who interested in metal investments.
Good luck :))
anilmangal PRO blackpirate
Thanks for sharing ,where can we buy the real silver bars?
+3 Reply
blackpirate anilmangal
in russia , i have no idea .
but there must be refiners & dealers in russian federation that offers good prices for gold and silver bars/coins. You may want to search for it .
If i find one, i'll inform you. :)
blackpirate anilmangal
Hey anil , i don't know how to look for it , but if i'm correct "sberbank of russia" offers gold , silver gram / kilo bars. I have no clue about pricing.

still waiting , if correction will complete and another upside wave start after that..
I don't expect this but ; maybe one of your previous forecast titled "do not miss this one" will happen and we might see under 13$/oz. for a moment before a big bounce. If silver really drops to that levels i will definately buy more & more from there :D
Good luck & best wishes.
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