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Silver Prices Lower On Stronger Dollar


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Silver Futures---Silver futures in the December contract is currently trading at 17.21 an ounce after settling last Friday in New York at 17.41 down $0.20 for the trading week basically mirroring the gold chart as both of these precious metals are following one another at the current time.

I'm not involved in silver as this market also remains extremely choppy despite the fact that we are trading above the 20 and 100 day moving average as this trend keeps seesawing on a daily basis as I think longer term a bottoming process is at hand, but avoid this market & look at better situations that are developing.

All of the excitement remains in the stock market which is hitting another all-time high today as that is the main problem with what has developed in many of the commodity sectors in 2017 as they have gone nowhere which is very surprising coupled with the fact of extremely low volatility as I do think 2018 will be a different story, however I think historically speaking silver prices in the $16 area is very cheap & if you have a longer-term view I would be looking at buying at that level.TREND: MIXED---CHOPPYCHART STRUCTURE: SOLID

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre 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.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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