Commodity: Silver
Timeframe: Hourly Chart (H4)
Recommendation: Buy Silver @ 15.85
Take Profit @ 17.15
Stop Loss @ 15.30
Timeframe: Hourly Chart (H4)
Recommendation: Buy Silver @ 15.85
Take Profit @ 17.15
Stop Loss @ 15.30
Silver has continued to drop and I adjusted the stop loss on my previous Silver Buy Recommendation June 1st 2015 from 16.30 to 15.30. The reason for this was that I believe we have seen the worst of the selling and I added to that long position with another buy at 15.85.
I think there is plenty of upside in this precious metal and will seek to add to my Silver holdings should we see another leg lower. I am eyeing the 15.35 as another buy entry level and could move my SL again depending on financial developments.
I think there is plenty of upside in this precious metal and will seek to add to my Silver holdings should we see another leg lower. I am eyeing the 15.35 as another buy entry level and could move my SL again depending on financial developments.
This post first appeared on The Last Bear - Profitable Forex Trading Signals, please read the originial post: here