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Silver Prices Look Cheap


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Silver Futures---Silver futures in the December contract is currently trading at 17.10 an ounce after settling last Friday in New York at 16.75 up $0.35 as silver is acting much stronger than gold as it has started to follow the coattails of the U.S stock market as silver is used in smart phones and strong demand could start to push prices higher in my opinion.

I think silver prices have been bottoming out for quite some time as I'm looking at a bullish position if prices break the October 16th high of 17.49 which is just an eyelash way as prices are still trading above their 20 and 100 day moving average as the trend is higher despite the fact that the U.S dollar has hit a 3 month high which is generally negative towards silver prices.

If you have read any of my previous blogs you understand that I'm bullish many commodity sectors as I think as we head into 2018 the story will change next year as prices are too cheap compared to the stock market as I see silver prices higher in next year's trade as I continue to look for an entry point in the low $16 range.

Silver prices are trading above their moving averages as that is the exact opposite from the gold market as silver is not used as a flight to quality as we could be involved in this market soon. TREND: HIGHER CHART STRUCTURE: IMPROVING

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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