
Volatility is starting to expand as that is why I want to place the stop-loss a little further away as I want to give this trade some room as I truly believe that gold and silver have significant room to run to the upside. In my opinion I think silver prices are going to test the contract high that was hit on February 24th at 19.14 and then trade over the $20 level as historically speaking this market looks cheap as I’ve been sitting on the sidelines over the last week waiting for the break out to occur which has happened in today’s trade.
Silver prices are now trading above their 20 and 100 day moving average as the trend is to the upside as the precious metals are experiencing bullish trends and when you trade the commodity markets trading with the path of least resistance is the way to go over the course of time.
TREND:HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: INCREASING
If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
TWITTER—@seeryfutures
Email: mseery@seeryfutures.com
If you’re looking to open a Trading Account click on this link www.admis.com
FREE 10 DAY SUBSCRIPTION
There is a substantial risk of loss in futures and futures options. 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.