Silver Futures-The silver market was crushed today down $1.40 at 21.92 an ounce in the December contract now selling off more than $3 dollars from recent highs as investors are panicking over the Federal Reserve tapering sending precious metal prices sharply lower today. I remain bullish silver prices despite this recent pullback and I still believe that prices are cheap and could get a little cheaper but if you are a longer term trader I believe you take advantage of the recent situation and buy silver on down days rather than on up days because this is a very volatile market with big prices swings so make sure you under trade so you can with stand sharp moves against you. TREND: MIXED -CHART STRUCTURE: EXCELLENT If you are looking for a futures or option broker feel free to contact Michael Seery at 800-615-7649 and I will be more than happy to help you with your trading or visit seeryfutures Skype Address: mike.seery3 SEERY FUTURES ACCEPTS CANADIAN COMMODITY ACCOUNTS There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor. My opinion in this blog are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any futures or option contracts.
Posted on: Fri, 13 Sep 2013 18:33:26 +0000
Trending Topics
Recently Viewed Topics
© 2015