NF414
Short

Top in Silver seems to be set!

FX:XAGUSD   Silver/U.S. Dollar
We have seen a massive (and engulfing ) sell-candle today as silver             gave up roughly 2.50% of its worth             . It very much looks as if the downtrend in silver             (and gold             ), which started April 2011(!), now resumes as a lower-high now looks to be set on 10-07-14 and we're going to test the major support-level at around 19$ once again.
To trade this, it should be wise to wait for a decent pullback into the 21.134-Area for a better risk-reward-ratio.
Position closed. We almost hit target yesterday and today have a huge bounce in gold - silver might follow to the upside.
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