StirlingBishop
Long

Potential long for Silver (XAGUSD)

OANDA:XAGUSD   Silver / U.S. Dollar
In this chart you can see that the price of silver is approaching a two year low and that it is currently sitting on a previous demand zone . As you can see in Dec-Jan 16' the price bounced off this support line and shot up to prices of 20-21 on a parabolic jump. Could this happen again? All we can do is speculate and see what happens.

Although this is simply an idea for a potential trade, if executed correctly, this could be a high profit trade.

Not intended as investment advice, I am posting this as an idea and as a reflection for my future self to look back on. Good luck!

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