potential to keep falling to 17.6 if bears remain strong
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My Short call for this idea was a bit conservative, thinking there was going to be a faster rise in price; i was caught out on - like many others- Trump's win being a temporary negative move for the precious metals, however it looks like silver and gold could be on the rise once more; it's only a matter of time before more serious political talks come flooding into the news and starts affecting the metals markets. Ideally these talks (Chinese trade and The potentiality of a trillion dollar "stimulus") will boost my silver trade idea here of a long term long position.
This precious metal is one to watch, as technology advances and populations increase, demand for silver could be on track to outperform gold over the next ten years or so, that being said manage any risk taken well, there are no guarantees for the market, so currently holding lower longs, and higher shorts,
Long position 1 from the bounce we see on the red line was closed at the rough price i had in my head ($19) upon which shorts where opened.
Shorts from ~$19 still being held but consistently keeping an eye on fundamentals and large volatile swings, in either direction, 2017 should be an interesting year, i think with so many large political decisions coinciding across the world, march onwards will become a very volatile and -potentially profitable- year for those of us who manage our risk well and try to stay on top of whats going on,