Silver Futures— Silver futures in the March contract settled last Friday in New York at 17.69 an ounce while currently trading at 17.77 up slightly for the trading week as prices have been stuck in the mud over the last month.
Silver prices are trading right at their 20 day while still above their 100 day moving average as the Coronavirus is continuing to spread and I think that will support prices here in the short-term. The chart structure will also start to improve in next weeks trade as we could be involved relatively soon as gold prices also remain strong.
The volatility at the current time remains relatively low, however I don’t think that situation is going to last much longer as fundamentally and technically speaking I think this commodity looks good so keep a close eye on this market as we could be involved soon as I think the risk/reward is in your favor.
TREND: MIXED
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
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
FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER
Email: mseery@seeryfutures.com
If you’re looking to open a Trading Account click on this link www.admis.com
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.