Commodity: Silver
Timeframe: Hourly Chart (H1)
Recommendation: Buy Silver @ 16.60
Take Profit @ 17.15
Stop Loss @ 16.30
The global economy is slowing down and Silver has corrected down to a decent support level. I think the technical scenario, which in my opinion supports higher prices in precious metals, together with the fundamental outlook over the summer makes a bullish case for Silver and I have added it to my portfolio.
Those of you who have followed my Silver Sell Recommendation May 18th 2015 were able to profit from the sell-off together with me and those of you have missed it have a chance now to profit from the rally which I expect.
Those of you who have followed my Silver Sell Recommendation May 18th 2015 were able to profit from the sell-off together with me and those of you have missed it have a chance now to profit from the rally which I expect.
This post first appeared on The Last Bear - Profitable Forex Trading Signals, please read the originial post: here